FOR SALE Premium Investment Opportunity Anchored by Centrelink
Knight Frank Gold Coast, as exclusive agents, are proud to present to the market this premium investment opportunity ideally located in the Beenleigh CBD. Boasting a land holding of 7,249 sqm and a Net Lettable Area of 2,832 sqm across three buildings, the anchor tenant is Services Australia (Centrelink). With a solid net income of $1,273,542 and annual indexation increases, this asset certainly provides an outstanding investment opportunity with future development upside.
Property Features:
- Fully Leased Net Income of $1,273,542
- Current Passing Net Income of $1,149,942
- Factored annual increases of 4% on average
- Land area of 7,246 sqm and NLA of 2,832 sqm
- Three separate buildings and eight tenancies
- Anchor tenant is Services Australia (Centrelink)
- Services Australia have recently completed a Full office fit out
- Other tenants are training and employment related companies
- Ninety onsite car parks
- Short walk to train station and shopping precincts
- Total outgoings are approx. $185,000 per annum or $65 / m2
- Potential future redevelopment potential in a growing area
- Current WALE 2.6 years on income (7.2 years including options)
- 5-star NABERS Energy rating (Centrelink Building)
Location Features:
- Beenleigh Train Station 246m
- 35-minute drive to both Brisbane and Gold Coast
- Beenleigh Marketplace 300m
- Beenleigh Mall 330m
- Access to M1 1.5 klm
- George Street Shops 425m
This property is for sale via Expressions of Interest, closing Friday 14th of June, 2024 at 12pm if not sold prior. Please contact the agent for further details and a copy of the IM.
Disclaimer:
Gold Coast City Commercial Pty Ltd T/A Knight Frank Gold Coast has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by City Commercial Gold Coast Pty Ltd T/A Knight Frank Gold Coast toward the recipient regarding the use of this information and all information given is given without responsibility.
