 Asset Class: | Office |
 Price: | $ 1135000 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
On offer is a high-profile entry-level 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. <br><br>The 245 m2 of net lettable area comes with a net income of $68,175* per year.
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?
<span style="color:rgb(0, 0, 0);font-weight:normal;">Southport (Gold Coast Region) </span><br><br><span style="color:rgb(0, 0, 0);">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. </span><br><br><span style="color:rgb(0, 0, 0);">The precinct is also increasingly being recognised as an emerging innovation centre for medicine, education and new technologies. Southport has more than </span><span style="color:rgb(0, 0, 0);font-weight:normal;">$5 billion worth of investment</span><span style="color:rgb(0, 0, 0);"> in major projects, giving rise to</span><br><span style="color:rgb(0, 0, 0);">new commercial investments and revitalising the CBD.</span><br><br><span style="color:rgb(0, 0, 0);">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. </span><br><br><span style="color:rgb(0, 0, 0);">Pedestrian access to the ground floor common areas of the Southport Central development is available via Scarborough Street, Garden Street and Lawson Street.</span><br><br><span style="color:rgb(0, 0, 0);">Nearby amenities include: </span><br><br><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);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Southport G:Link Station</span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Australia Fair Shopping Centre </span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(51, 51, 51);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">TAFE QLD (Southport Campus)</span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Southport Broadwater Parklands</span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Southport Health Precinct</span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Queen Street Village</span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">St Hilda’s School</span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Southport Private Hospital</span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Southport State High School</span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Gold Coast Health & Knowledge Precinct </span></p></li><li style="list-style-image:none;margin-inline-start:20px;color:rgb(0, 0, 0);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Gold Coast University Hospital</span></p></li></ul>
Additional Location Information File<span style="color:rgb(51, 51, 51);font-weight:normal;"><u>Ready Advice: </u></span><br><br><span style="color:rgb(51, 51, 51);">Website: </span><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.readyadvice.com.au/"><u>Ready Advice - Financial advice to help you manage, grow and protect your wealth</u></a><span style=""></span><br><br><span style="font-weight:normal;">Services: </span><br><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);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;font-style:normal;">Superannuation</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;font-style:normal;">Insurance</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;font-style:normal;">Debt Management</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;font-style:normal;">Retirement Planning</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;font-style:normal;">Estate Planning</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;font-style:normal;">Investing</span></p></li></ul>
Initial Term:
Security:
Security Info:
<span style="color:rgb(51, 51, 51);">- Tenant: Ready Advice (Financial Services)</span><br><span style="color:rgb(51, 51, 51);">- Size: 245m²</span><br><span style="color:rgb(51, 51, 51);">- Gross Income: $104,125 + GST P/A</span><br><span style="color:rgb(51, 51, 51);">- Outgoings: $35,950* P/A (Inlcuding management fees)</span><br><span style="color:rgb(51, 51, 51);">- Net Income: $68,175*</span><br><span style="color:rgb(51, 51, 51);">- Commencement Date: 28/10/2024</span><br><span style="color:rgb(51, 51, 51);">- Lease Length: 2 x 1 year option</span>
Additional Financial Information FileInitial Term:
Security:
Security Info:
Subject Property: $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:
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Initial Deposit:
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Due Diligence:
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Finance:
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Settlement:
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;font-style:normal;">High profile Gold Coast Enty-Level Investment Oppurtunity </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;font-style:normal;">Southport Location - Central business descrict of the City of Gold Coast </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;font-style:normal;">Total GFA: 245 m2</span></p></li><li style="list-style-image:none;"><p style="list-style-position:inherit;list-style-type:inherit;display:inline;"><span style="color:rgb(51, 51, 51);padding-left:0px;font-weight:normal;font-style:normal;">High quality Fit Out</span></p></li></ul>
