Rethink Investing

Office | 30901-30903 27 Garden Street Southport 4215 QLD Australia

Key Information

Asset Class:	Office

Price:	$ 1592000
Net Yield:	6.25 %
Net Yield - including solar strategy:	%
Property Market Status:	Off Market

Introduction

On offer is a high-profile investment situated within close proximity to the Gold Coast University Hospital, the Southport Private Hospital, Ferry Road Markets and prestige car dealers such as the Porsche Centre, Bentley and Maserati in the Gold Coast. The 348 m2 of net lettable area comes with 3 assigned car parks and currently being fully leased to 2 separate commercial tenancies, offers diversification, stability, and promising returns. This is a great investment in an ideal location underpinned by a strong leasing covenants with a desirable tenancy returning a net income of $99,455* per year.

Background Information

How old is the asset?

2006

Vendor's reason for selling?

Cashing Out

Days property been on market?

Is this property strata titled?

Yes

Are the seller and tenant related parties?

How long has the current tenant been on site?

How long has the tenant been in business?

Years

Is this property in a flood zone?

Is this lease a leaseback arrangement?

Additional Information File

Location on Map

Southport, Gold Coast, Queensland

Southport (Gold Coast Region) Home to 36,786 residents, Southport is a well a serviced, growing central business district and one of the City’s major business hubs. Latest data from the QGSO project Southport’s population to increase to 65,363 by 2041. The precinct is also increasingly being recognised as an emerging innovation centre for medicine, education and new technologies. Southport has more than $5 billion worth of investment in major projects, giving rise to new commercial investments and revitalising the CBD. The property forms part a larger development known as “Southport Central” with the entire development bordering Garden Street, Lawson Street and Scarborough Street. Vehicular access to the parent property is available via Lawson Street and Garden Street. Pedestrian access to the ground floor common areas of the Southport Central development is available via Scarborough Street, Garden Street and Lawson Street. Nearby amenities include: <ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);">Southport G:Link Station</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);">Australia Fair Shopping Centre </li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);">TAFE QLD (Southport Campus)</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);">Southport Broadwater Parklands</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);">Southport Health Precinct</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);">Queen Street Village</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);">St Hilda’s School</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);">Southport Private Hospital</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);">Southport State High School</li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);">Gold Coast Health & Knowledge Precinct </li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);">Gold Coast University Hospital</li></ul>

Additional Location Information File

Tenant Information

Eziway Leasing: Website: <a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://eziway.net.au/">Salary Packaging and Novated Leasing Services Australia</a> Eziway Salary Packaging is a true boutique, personal and scalable salary packaging administrator in Australia, servicing exclusively the Not-For-Profit sector since 2007. Ready Advice: Website: <a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.readyadvice.com.au/">Ready Advice - Financial advice to help you manage, grow and protect your wealth</a> Services: <ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);">Superannuation</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Insurance</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Debt Management</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Retirement Planning</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Estate Planning</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Investing</li></ul>

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Additional Tenant Information File

Financial Overview

Initial Term:

Security:

Security Info:

Tenancy 1: - Tenant: Eziway Leasing - Size: 103m² - Gross Income: $46,350 + GST P/A - Outgoings: $15,070* P/A - Net Income: $31,280* - Commencement Date: 01/01/2025 - Lease Length: 1.5 x 1 year option Tenancy 2 & 3: - Tenant: Ready Advice (Financial Services) - Size: 245m² - Gross Income: $104,125 + GST P/A - Outgoings: $35,950* P/A - Net Income: $68,175* - Commencement Date: 28/10/2024 - Lease Length: 2 x 1 year option Total Net Income: $99,455

Additional Financial Information File

Special Conditions (if any)

Initial Term:

Security:

Security Info:

Rental Comparison

Subject Property: Tenancy 1: $303 Per Sqm Tenancy 2: $278 Per Sqm Tenancy 30105 (Same building) - $465 Per Sqm - 149m2 - 1/12/2023 204/2 Nerang Street Southport QLD 4215 - $350 Per Sqm (Gross) - 126 m2 60-62 Smith Street, Southport QLD 4215 - $366 Per Sqm - 498 m2

Offer To Purchase

Offer To Purchase:

1592000

Initial Deposit:

30000

Due Diligence:

days

28 days from contract execution

Finance:

days

28 days from contract execution

Settlement:

days

21 days from unconditional status

Download Write Up PDF

View Your Estimated Rental Yield

Disclaimer: The depreciation figures provided are based on specific circumstances and may not accurately reflect your current financial situation. These figures are intended for informational purposes only and should not be construed as financial or tax advice. Individual financial situations can vary widely, and the applicability of these figures to your personal circumstances may differ. It is strongly recommended that you consult with your usual taxation adviser or a qualified financial professional/accountant to verify this information and obtain personalised advice tailored to your specific financial situation. Neither the provider of this information nor any of its affiliates shall be held liable for any decisions made based on this information without proper consultation with a professional adviser.

Key Highlights

<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;">High profile Gold Coast Asset</li><li style="list-style-image:none;color:rgb(51, 51, 51);">Southport Location - Central business descrict of the City of Gold Coast </li><li style="list-style-image:none;color:rgb(51, 51, 51);">Total GFA: 348m²</li><li style="list-style-image:none;color:rgb(51, 51, 51);">3 Assigned Car Parks</li><li style="list-style-image:none;color:rgb(51, 51, 51);">High quality Fit Out</li><li style="list-style-image:none;">Fully leased to 2 separate commercial tenancies, offers diversification, stability, and promising returns</li></ul>

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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?

Initial Term:

Security:

Security Info:

Initial Term:

Security:

Security Info:

Offer To Purchase:

Initial Deposit:

Due Diligence:

Finance:

Settlement:

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