 Asset Class: | Multi-Tenanted |
 Price: | $ 2785000 |
 Net Yield: | 7.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">This off-market opportunity features a fully leased, dual-tenant freehold building with high street exposure and versatile commercial spaces across two floors. Designed for professional tenants requiring a fixed location for shared workspaces and client meetings, this well-presented asset delivers dual income streams from two established tenants. Anchored by a prominent Gold Coast town planning, surveying, and engineering firm with 20 years of experience, the property is complemented by a large NDIS disability employment provider operating over 40 professional offices across Queensland. Its strategic location, strong street presence, and zoning also provide future upside, particularly in attracting medical-grade tenants. Additional benefits include onsite parking, proximity to residential estates, community services, and low-density commercial developments. A strong passing yield exceeding 7% reflects the growing demand for well-located, multi-tenancy freehold properties in major Queensland cities. With direct access to the Gold Coast Highway, the property offers seamless connectivity north and south, is a short drive to Gold Coast Airport, and is just 15 minutes from Surfers Paradise and the CBD.</span>
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Is this lease a leaseback arrangement?
Nerang is a suburb in the City of Gold Coast, Queensland, located approximately 12.8 kilometers west of Surfers Paradise and 72.8 kilometers southeast of Brisbane. The suburb covers an area of 35.9 square kilometers, with the Nerang River flowing through it from south to east.<br><br>Demographics<br><br>As of the 2021 census, Nerang had a population of 17,048 residents, reflecting steady growth over the past decade. The median age is 40 years, with households primarily consisting of couples with children. The area has a diverse ethnic composition, with strong representations of English, Australian, Scottish, Irish, and German ancestries.<br><br>Housing and Property Market<br><br>Nerang offers a mix of housing options, predominantly separate houses. The median house price is approximately $863,500, with an annual capital growth of 10.71%. Rental yields for houses are around 4.57%, with a median weekly rent of $750.<br><br>Amenities and Infrastructure<br><br>The suburb has a comprehensive range of amenities, including several shopping centers, supermarkets such as Aldi, and major retailers like Bunnings and OfficeWorks. Nerang is well-connected, featuring its own train station and easy access to the M1 motorway, making commuting to Brisbane or other parts of the Gold Coast convenient.<br><br>Education<br><br>Nerang is served by multiple educational institutions, including Nerang State School, Nerang State High School, and St Brigid's Catholic Primary School.<br><br>Recreation and Lifestyle<br><br>Nerang offers abundant recreational opportunities, with numerous parks covering nearly 53.6% of its total area. The suburb is home to a velodrome, a public swimming pool complex, and various sporting clubs, including the Nerang Roosters (rugby league) and Nerang Bulls RUC (rugby union). The nearby Nerang National Park provides options for bushwalking, horse riding, and picnicking.<br>
Additional Location Information File<p style="background-color:rgb(255, 255, 255);"><span style="color:rgb(0, 0, 0);font-style:normal;font-weight:normal;">Tenant websites:</span></p><p style="background-color:rgb(255, 255, 255);"><a style="color:rgb(0, 0, 255);display:inline;font-style:normal;font-weight:normal;" target="_blank" href="https://www.michelservices.com.au/"><u>https://www.michelservices.com.au/</u></a><span style="color:rgb(0, 0, 0);font-style:normal;font-weight:normal;"></span></p><p style="background-color:rgb(255, 255, 255);"><span style="color:rgb(0, 0, 255);font-style:normal;font-weight:normal;"><a target="_blank" href="https://epicassist.org/" style="color:rgb(0, 0, 255);"><u>https://epicassist.org/</u></a></span></p>
Initial Term:
Security:
3 month bond
Security Info:
3 month bond
In the WUP
Additional Financial Information FileInitial Term:
Security:
3 month bond
Security Info:
3 month bond
Awaiting
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Dual tenancy freehold building with strong net yield</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Gold Coast growth area with solid fundamentals</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Diversified income across two leases with upside</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Zoning includes allied health operators</span><br><span style="color:rgb(34, 34, 34);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">• Rare find below <$3M price point</span>
