89 Ashmore Road Bundall QLD 4217

REAL Specialists Commercial are pleased to offer for sale 89 Ashmore Road, Bundall for $3,200,000 (as a going concern).

A freehold investment opportunity, located on Ashmore Road and zoned mixed use, this property offers long term security for the astute investor.

Ideally positioned in Gold Coast's primary showroom precinct, the property boasts excellent exposure to heavy traffic flows and commercial hubs thanks to the precinct being home to a number of major retailers such as Harvey Norman, Domayne, Adairs, Petbarn and numerous more. As a result, this property is ideally located close to numerous high engagement traffic zones as customers flow throughout the precinct's retailers.

The property is currently leased to Carpet Court on a 5 year lease + 5 year option at a net annual rental of $198,512.21^.

Property Information:
- Land area: 1,518m2*
- Building area: 560m2* comprising 428m2* of showroom and 132m2 of warehouse*
- 15 onsite car parks
- Zoned: Mixed use, (Fringe business precinct)
- Freehold investment opportunity
- Existing lease expires November 2024

*approximately
^ November 2020 rent increase taken into consideration.

Highlights:
* Freehold investment opportunity
* Existing lease expires November 2024
* Prime tightly held location