L & H Group Plugs in at Burleigh Waters
National electrical retailer L and H Group has plugged in a long term tenancy in a substantial showroom at Burleigh Waters on the Gold Coast through Ray White Commercial.
L & H has leased the approximately 600 sqm property next door to Total Tools at 6 Executive Drive, Burleigh Waters, in a deal negotiated by Tony Grbcic and Adam Grbcic of Ray White Commercial Burleigh.
Tony Grbcic said there was strong interest in the vacant showroom/bulky goods offering subleased by Total Tools in the heart of Burleigh Waters.
“We had several proposals from indoor recreational users and service industries for this tenancy which is next to Treetops Shopping Centre ,” he said.
“However, the property was secured by Land H Electrical and it creates a good synergy having them next door to Total Tools.”
Adam Grbcic said the new Bunnings and Masters (Varsity Lakes) are playing a big role in businesses searching for space in the Burleigh area.
“This particular property is very strategically positioned with proximity to Bermuda Street, Reedy Creek Road, the Pacific Motorway and the Gold Coast Highway,” he said.
“There are also more than 80 onsite car parking spaces and excellent exposure and signage rights.”
L & H Group has taken out a 3 + 3 year lease at a gross rental of approximately $114,000 per annum.