Colliers and Cushman & Wakefield are pleased to present the Niecon Portfolio, Broadbeach for sale in one line or individually.
Positioned in the centre of Broadbeach, the Gold Coast's pre-eminent holiday and lifestyle destination, the Niecon Plaza Portfolio comprises a 5,463sqm* combined site enjoying two prominent street frontages and an enviable unrestricted height limit (STCA) under the designated "Centre" zoning.
Improved with a well-established mixed-use mall, iconic boutique office tower and two freestanding dual level office buildings, the Portfolio provides a well-diversified income stream which will assist in underwriting repositioning and/or redevelopment strategies in the near to medium term.
The Portfolio is entrenched within the Broadbeach Victoria Mall Precinct, bound by major amenities including The Oasis and the Sofitel to the south, Broadbeach Beach and Kurrawa Park to the east and the Light Rail Station, Star Entertainment complex, Gold Coast Exhibition Centre and Pacific Fair to the west.
Offered to the market as a portfolio for the first time ever, this is a generational opportunity to secure the largest available contiguous freehold sites in Broadbeach with significant holding income and development upside.
The key investment attributes include:
5,463sqm* combined site area across four properties
11,190sqm* Lettable Area (52%* office / 48%* mixed-use / service retail)
"Centre" zoning classification with unrestricted height limit (STCA)
5.1* Year WALE (by income) across the two key Niecon Plaza / Tower holdings
Estimated fully leased portfolio net income of $2.893m* (As at 1 April 2020)
Walking distance to globally-renowned amenities including Pacific Fair, Star Entertainment Complex, Broadbeach Beach
46m* frontage to Broadbeach Mall
3.5-Star NABERS Rating (Niecon Tower) 5.0-Star NABERS Rating (16-18 Albert Ave.)
Four freehold titles
For Sale in one line or individually by Expressions of Interest closing 4:00pm (AEST) Thursday, 25 March 2021.
For further information please contact the exclusive marketing agents.
*Approximately.
