Colliers is pleased to present 112 Bundall Road, Bundall, a quality showroom investment positioned prominently within the Gold Coast's premier retail / showroom precinct .
Presenting immaculately and currently tenanted by Lynton & Forrester. This single tenanted property generates a current holding income of $159,600* per annum.
Fronting Bundall Road, arguably the Gold Coast's busiest arterial road, the property benefits from over 55,000* cars passing daily and the precinct is home to a multitude of National draw card occupiers.
A very tightly held market, there are just 22 freehold showrooms fronting Bundall Road, with only 2 having been sold in the past 5 years.
Property highlights include:
- Land Area 1,879m²
- Total 650m²* of freestanding building area
- Leased to Lynton & Forrester (also based in James Street, Brisbane)
- $159,600* pa. current gross holding income
- Very conservative rental rate at just $245.50/m²*gross (including outgoings), well under surrounding current market rental rates being achieved
- Surrounded by national high profile drawcard occupiers
- Ideally positioned in the Gold Coast's primary bulky goods / retail showroom precinct
- Front and rear showroom with outdoor display yard joining both areas
- Showroom layout offers easy ability to split and lease to multi tenants upon lease expiry
- Zoned mixed use (Fringe Business precinct)
- Sellers circumstances requires immediate sale!
For Sale via Offers to Purchase closing Thursday 8 September 2022 at 5:00pm (AEST) (Offers will be considered prior)
For more information contact Colliers exclusive agents, Steven King or Marlon Crawford.
*all figures are approximates.
