***Whilst the property is only currently partially leased, full tenancy and occupation via a leasing campaign by the new owner could see a yield achieved well north of 7%! More if some capital works are undertaken!
Bring a creative mind and see what you can transform this two-level, office and retail premises into. The property is currently held in 4 titles under a Community Management Scheme, but will be offered to the market strictly in "ONE LINE" via a public auction and sold as a going concern.
Adjoining generous on street parking and with direct access to the Pacific Hwy Service Road, the property enjoys incredible proximity to the M1 and nearby local amenities and transport options. With Pacific Motorway (M1) on ramps and off ramps for both north and south bound traffic close by the property is only 25kms from the Brisbane CBD and only 55kms to the heart of the Gold Coast.
• Level 1 consists 3 tenancies, all available for lease
• Prime ground floor retail with Chiropractic Tenant in place + additional ground floor space (vacant)
• High visibility to passing traffic including IKEA visitors from M1 exits
• Rental upside and value add potential via expansion, refurb or re-development (STCA)
• 706m2 NLA on 614m2 freehold
• 6 carparks onsite with adjoining council car park
• Rear access via Sesame Lane offers loading bay options
• Reconfigure CMS to better option (currently 4 titles)
The potential for a large yield can be realised through minor upgrades to the property and finding tenants for the current vacancies.
For further information and to arrange a copy of the Information Memorandum, Contracts of Sale, Survey Plans and further information contact Sam Devlin and Jason Luckhardt of NAI Harcourts.
