One of Nathan Tinkler’s smallest investments back on market

ONE of the smallest investments of Queensland wunderkind Nathan Tinkler has come back on the market.

Nathan Tinkler has lost millions after his properties were resold for less than he paid. Picture: John Grainger

ONE of the smallest of property investments by Queensland wunderkind Nathan Tinkler has come back on the market under new ownership.

Mr Tinkler had bought the 278sq m commercial space six years ago for $640,000 via his Ocean Street Holdings firm, but it was sold by receivers in September last year for just $403,000.

Tinkler had bought this commercial property in Mayfield West, NSW, in 2011 via one of his investment arms.

The buyers, Bar Beach Super Nominees, have put the property up for rent at around $100 per square metre which is about an average commercial charge.

Mr Tinkler, who was once Queensland’s youngest billionaire, has seen several properties sold at a loss in the past two years including a $6m loss on his Gold Coast Hinterland project Patinack Farm, $3.2m loss on an Ocean St property in Merewether NSW, and his Grandview Road home in Pullenvale selling for $2.15m less than his family had paid.

Nathan Tinkler’s former home in Pullenvale sold for much less than his family paid. Picture: Realestate.com.au

Originally published as One of Nathan Tinkler’s smallest investments back on market