Owner committed elsewhere - $729,211.41* net with major rental and development upside - Prime CBD location.
RWC Gold Coast and Chateaux Property Group are pleased to present to the market 9-15 Bay Street, Southport, QLD 4215 to be sold via Public Auction. Fully leased for $729,211.41* net per annum, the KRG Centre is a four level office building that occupies a highly exposed prime corner site in the heart of Southport's legal district with extensive frontages to both Bay Street and Rawlins Street, providing both outstanding exposure and accessibility. 9-15 Bay Street presents a dynamic investment opportunity backed by an irreplaceable location.
Key features of this outstanding opportunity include:
• 2,534m2* prime corner allotment within the Southport CBD
• 3,187m2* of NLA over 4 levels
• 100% leased with 17 tenants in place
• Net Annual income of $729,211.41* + GST
• Serviced by 74 car parking bays, a lobby, café
and end of trip facilities
• Favorable Southport PDA (Precinct 1 - CBD) zoning
• Massive future redevelopment potential^ with unrestricted height limits
• Close to major arterial routes and public transport
• Short walk to council car parks, Australia Fair Shopping Centre, Chinatown,
Southport Law Courts and Police Station
• Absolutely must be sold - don't miss out!
Offered for sale via Public Auction to be held at 11am Thursday 28 September 2023 at the Gold Coast Turf Club, Racecourse Drive, Bundall QLD. For more information or to arrange a private inspection, please contact the exclusive marketing agents Peter Laoudikos on 0422 188 288.
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
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