Frosty Boy factory sells for $13m in biggest Gold Coast commercial property sales of November 2021
THE home of Gold Coast business icon Frosty Boy, whose soft serve is a staple in major fast food chains, has sold in a sweet deal. MORE BIG COMMERCIAL PROPERTY DEALS >>
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THE home of Gold Coast business icon Frosty Boy, whose soft serve is a staple in major fast food chains, has sold in a sweet $13m deal.
Property records reveal the factory, at 1 Dixon St Yatala, sold on November 5 to a company directed by Brisbane resident Xiao Hong Darveniza.
The Frosty Boy site was previously owned by three companies: FBA Property Holdings, whose shareholders are Hanta and Andre Van Rooyen; CDW Investments, whose shareholders are Elsabe and Christoffel De Wet; and Pretorius Investment, which is directed by Frosty Boy managing director Dirk Pretorius and has Wendy Pretorius as sole shareholder.
Mr Pretorius declined to comment on the “private sale”, which had “nothing to do with Frosty Boy, they just lease the building”.
The factory opened in 2014 after Frosty Boy outgrew its former facility in Loganholme.
The company, founded in 1976, operates in 65 countries and supplies brands including KFC, Godiva chocolate, Burger King, Pizza Hut and Wendy’s.
The sale of the 6000sq m factory, on a 1.013ha block, was the highest commercial sale settled in November, according to State Government records.
Also settling in November was the $8m sale of the Surf & Sun Motel at Surfers Paradise, where developer Danny Isaac has planned an unusual tower project.
The company has published photos of a striking tower, made up of five offset sections stacked on top of each other.
The ageing motel, on 849 sqm at 3321 Gold Coast Hwy, was sold by George Diakogeorge.
Further north a near-new Sanctuary Early Learning Adventure childcare centre was snapped up a day before it was due to go to auction.
The centre was sold through a company owned by Jacqueline and Ansel Clarke, who settled the sale for $8.154m to retirement village group Aveo.
Also settling last month was the Coomera Holiday Village, a 3ha caravan park across the M1 from Dreamworld.
It settled for $5.41m on November 22, offloaded by Coomera Secura, a company held by Sydney-based investment firm Portnordica.
The buyer was Coomera Village, a company directed by Andrew and David Hoffman.
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