Lot 18, 2 Elkhorn Avenue, Surfers Paradise, QLD, 4217

Jared Johnson & Taylor Jones of Coastal Commercial are privileged to present this premium government-leased investment in the heart of Surfers Paradise. Positioned within a globally recognised suburb, this high-quality office asset is securely leased to the State of Queensland offering investors a strong and secure lease covenant.

Comprising 350m2* of well-presented office space, the property benefits from a brand new lease structure with fixed annual increases and options to extend, providing both immediate income and future upside.

Key Features:

• 350m2* premium office space in the heart of Surfers Paradise

• Securely leased to State Government tenant

• Net income of $180,250 p.a.* + GST

• Brand new 2.5-year lease to February 2028

• Options: 2 x 2 years

• Fixed annual increases of approximately 3%

• Long-standing tenant with high likelihood of renewal

• 5 secure basement carparks

• Exclusive use rooftop for a deck

• Exclusive use 18m2 off-site storage

• Prime location surrounded by world-class amenity, light rail and retail precincts

This is a rare opportunity to acquire a tightly held government-leased asset in one of Australia's most recognised lifestyle and commercial destinations, offering secure income with future growth potential.

The sellers are highly motivated and will consider all cash, unconditional offers prior to Auction. Should the property not sell beforehand, it will be offered via public Auction at 11:00am on Wednesday, 6th of May at the Coastal Commercial office Level 1, 16 Queensland Avenue, Broadbeach.

For further information or to arrange an inspection, please contact the exclusive agents.

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. 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.

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