Businessman Tony Quinn has paid about $4 million for neighbouring commercial assets in Southport on the Gold Coast (pictured top and left).
The deal give Mr Quinn control of 1600 square metres of land at the busy intersection of Ferry Road and Winchester Street.
One of the plots is occupied as a car yard; the other is a low-rise office building tenanted by commercial real estate agency Cushman & Wakefield.
Mr Quinn’s plans for the site are as yet unknown according to the Gold Coast Bulletin which reported the transactions.
The holding is across the road from a new prestige car showroom.
In January, Mr Quinn sold a majority interest of the Darrell Lea chocolate business he bought six years ago to Quadrant Capital for about $200 million. In 2015 he sold his pet food business, also to Quadrant, for $410 million.
Four months ago he bought New World Foods which supplies beef jerky brands to Coles and Woolworths amongst other retailers.
Mr Quinn has also dabbled in real estate. Last year he banked $22 million selling a cold storage facility in Yatala, an outer north region of the Gold Coast, about 39 kilometres from the Brisbane CBD, for which he paid $11.75 million in 2011.
In May he paid $5.6 million for an apartment within the SEA building at Main Beach. Three months earlier he spent $3.4 million on a luxury home in Byron Bay.