 Asset Class: | Office |
 Price: | $ 950000 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<p class="mb-4">Offered is a prime commercial investment opportunity in the highly sought-after 'Sanctuary' complex, a newly completed multi-level development strategically positioned on Olsen Avenue, Southport. This fully leased office space offers investors immediate returns with a secure 5+3 year lease generating $52,000 + GST + Outgoings annually, reflecting an attractive 6% yield.</p><p class="mb-4">Completed in December 2024 and leased by mid-January 2025, the subect site has a combined NLA of 162m2*. The 'Sanctuary' complex stands out with its diverse mix of commercial spaces including warehouses, strata-titled self-storage, and professional offices, all secured with CCTV and 24/7 automated access gates.</p><p class="mb-4">Located in the growing commercial hub of Southport, this investment represents an exceptional opportunity to secure a hassle-free commercial asset with stable income and potential for capital growth. Plus, as a newly constructed asset completed in December 2024, any owner will benefit from minimal maintenance costs and potential tax advantages through depreciation benefits.</p><p class="mb-4">This investment is set to provide a secure income stream with a first year net income of $52,000 + GST + outgoings underpinned by a favourable lease structure with a 5+3 year term, offering long-term income security.</p>
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
<p class="mb-4">Southport is the Gold Coast's Central Business District and has played a pivotal role in the region’s economic growth for more than a century. As the city’s commercial and administrative hub, Southport has seen significant commercial expansion, attracting businesses across health, education, legal, and professional services. It is home to major institutions such as the Gold Coast University Hospital, Griffith University, and the Southport Health Precinct, reinforcing its status as a key employment and innovation centre. The suburb has benefited from strong infrastructure investment, including the Gold Coast Light Rail, which has enhanced connectivity and supported commercial growth. Property values and business activity have surged in recent years, reflecting Southport’s ongoing economic importance. The Gold Coast’s broader economy reached a Gross Regional Product of $45.38 billion in 2023, with a strong 3% growth rate driven by population increases and business investment, positioning Southport at the forefront of this expansion. With the city’s population projected to reach nearly 1 million by 2040, Southport’s role as the Gold Coast’s economic engine remains critical, continuing to attract businesses, workers, and investors seeking long-term growth opportunities.</p><p class="mb-4"></p><p class="mb-4"><strong>Queensland Growth</strong></p><p class="mb-4">Queensland’s $500 billion economy has been supported by continued, strong population growth and a resource boom over the past two decades, exceeding the national average and placing the state in a strong position to exceed growth expectations. In the 12 months leading up to April 2024, QLD has seen a 2.2% growth rate in its retail trade during, resulting in an increase of $137 million in trade turnover. QLD achieved the third-highest population growth rate of 2.6% during the 12 months leading up to June 2023. Regarding employment, for the year ending in April 2024, the QLD growth rate rose again by a further 3.96%, employing over 111,000 individuals.</p>
Additional Location Information FileInitial Term:
Security:
Security Info:
<p class="mb-4"><strong>Financial Summary Unit 211</strong></p><p class="mb-4">Lease Term - 5+3 Year Lease</p><p class="mb-4">Annual Rent - $52,000 + GST + Outgoings 6% yield</p><p class="mb-4"></p>
Additional Financial Information FileInitial Term:
Security:
Security Info:
<p class="mb-4">Not applicable. </p>
<p class="mb-4">211/515 Olsen Avenue, Southport - 141m2 - $368/m2</p>
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<ul class="bullet-list"><li><p class="mb-4">Brand new office space in a premium multi-level complex completed December 2024</p></li><li><p class="mb-4">Secure 5+3 year lease already in place</p></li><li><p class="mb-4">Net Income: $52,000 + GST & Outgoings</p></li><li><p class="mb-4">141m2* net lettable area positioned on the top level</p></li><li><p class="mb-4">Part of the high-end 'Sanctuary' development with excellent security features</p></li><li><p class="mb-4">CCTV surveillance and 24/7 automated access gates for enhanced security</p></li><li><p class="mb-4">Ample parking with 56 shared car spaces</p></li><li><p class="mb-4">Diverse tenant mix within the complex including warehouses and self-storage</p></li><li><p class="mb-4">Prime location on busy Olsen Avenue in Southport</p></li><li><p class="mb-4">Walk-in investment with tenant secured within weeks of completion</p></li><li><p class="mb-4">Strata-titled property offering flexibility for future investors</p></li></ul>
