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501 Olsen Avenue Southport QLD 4215

  • Retail
  • 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.

*Approximately

**CPI increases have been assumed at 1.8%

Property Highlights

Property ID2015627108
Floor Area1,888 m²
Land Area8,909 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  12 Sep 2019
Map for 501 Olsen Avenue Southport QLD 4215
Catalyst Realty
P.o. Box 289 Herberton QLD 4887

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