Devine selling Surfers Paradise site for $22m
Devine Group managing director David Devine is selling a high-profile McDonald’s outlet in Surfers Paradise’s Cavill Avenue.
The four storey building, #1, is understood to be trading to a consortium of private investors for about $22 million.
The vendor and his wife paid $13.1m five years ago.
A company spokesperson declined to comment, the AFR reports.
Last month, Mr Devine shelved plans for a $740m Brisbane CBD mixed use village.
