Business In Gold Coast

 Hi there, Buying a business for sale in Australia is not easy if you do not have a plan in mind. For instance, you cannot just jump at the idea and become an entrepreneur. You must do some research so that you find the best business in the sector you want to make a mark. It is good to have some knowledge about the industry and check the businesses that are earning good profits. Investing in an opportunity without researching can be financially distressing. So, it is good to identify the categories that need less investment and generate good returns. Here is an article that will help you find it quickly. https://www.business2sell.com.au/blogs/strategy/top--small-business-ideas-in-australia-with-high-profit

 Managed property investment fund EG’s Australian Core Enhanced (ACE) Fund is now valued at more than $1 billion after it acquired a half stake in the Grand Plaza shopping centre in Browns Plains, Logan City as part of a deal understood to be worth $215 million. Vicinity Centres (ASX: VCX) will hold onto the remaining 50 per cent of the centre, with agents CBRE claiming the sale represents further evidence of the heightened demand for suburban retail investment opportunities. Just last week, Business News Australia reported the Benowa Gardens shopping centre on the Gold Coast sold at a 50 per cent premium to what former owner IJ Capital paid in early 2020, while neighbourhood and sub-regional shopping centre owner Shopping Centres Australasia Property Group (ASX: SCP) reported a 320 per cent profit lift in its latest half. Read More: https://www.businessnewsaustralia.com/articles/stake-in-brisbane-suburban-shopping-centre-sold-for--215-million-to-eg.html

 The appetite for retail shopping centre properties on the east coast of Australia shows no sign of dissipating, with the announcement today of two further sales of regional assets in Pottsville, on the north coast of Northern New South Wales and in the northern Gold Coast suburb of Biggera Waters. Pottsville Central Shopping Centre, located at 11-13 Coronation Street in Pottsville on the far north coast of Northern New South Wales was sold for $10.2 million to private investors and the Metro Market Centre, less than 12km from the Gold Coast CBD, was sold for $39.4 million to an undisclosed Melbourne-based private investor. The deals follow hot on the heels of yesterday’s news that managed property investment fund EG acquired a 50 per cent stake in the Grand Plaza shopping centre in the Brisbane suburb of Browns Plains for $215 million. Read More: https://www.businessnewsaustralia.com/articles/two-more-shopping-centres-sold-for-combined--50m-as-demand-for-east-coast-regional-assets...

 The liquidators to Condev Construction have revealed the extent of the financial black hole facing the Gold Coast-based construction company with a $12 million shortfall in assets. Preliminary investigations by liquidators Jason Bettles and James Robba of Worrells have found Condev has debts of $45 million but assets of only $33 million. Most of the assets are listed as debtors and retentions which are due to the company, as well as cash and real property. The company’s debts are largely to unsecured creditors such as sub-contractors, lenders and employees. However, the liquidators note that the level of unsecured debt may change as more developers take on Condev sub-contractors to finish their projects amid peak market demand for apartments on the Gold Coast. Read More: https://www.businessnewsaustralia.com/articles/liquidators-reveal--12-million-black-hole-for-condev-construction.html