501 Olsen Avenue Southport QLD 4215
- 1,888 m²
- For Sale, Contact Agent
GOLD COASTS PREMIER RETAIL INVESTMENT OFFERING
- Blue Chip Retail Investment
- High Profile National Retailers
- Secured Income - 10.7* year WALE
CBRE Queensland Retail Investments & Ray White Commercial are pleased to present to the market Servico on Olsen, a prominent new generation retail asset strategically located in the heart of Southport's retailing precinct. The property comprises the following key investment highlights:
- Blue Chip retail investment with over 70% of the income anchored by Shell Coles Express, KFC and Starbucks
- Excellent Income security underpinned by a 10.7* year WALE
- Rare opportunity to invest in one of Gold Coasts premium retail destinations
- Strategically positioned to capture exposure to over 320,000 cars weekly with convenient, direct access via a 4-way signalised intersection
- Certain, high income growth with an average annual increase of 3%** per annum
- Expansive and irreplaceable 8,909m² site with a dominant 128m frontage to Olsen Avenue
- New generation asset offering a tax effective income stream
- Strong retail expenditure growth of over 5.7% per annum estimated to go from $168.2m to $361.3m by year 2031.
- Fully Leased Net Income: $1,173,972* per annum
FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 17th OCTOBER 2019 AT 4.00PM (AEST).
A copy of the Information Memorandum and Due Diligence package is available upon request from the exclusively appointed CBRE & Ray White agents.
**CPI increases have been assumed at 1.8%
|Floor Area||1,888 m²|
|Land Area||8,909 m²|
|Annual Return||Ask Agent|
|Last updated||12 Sep 2019|