Tony Grbcic & Adam Grbcic from Kollosche Commercial are proud to present an set and forget commercial investment opportunity, tenanted by Imagine Education on a long term lease.
Offering a combined 9 lots and occupying the entire first and second floor of the Southport Central Commercial Tower (Stage 4), situated at 27 Garden Street, Southport ('The Property').
The property offers the pole position in the Southport Central Commercial Precinct and is situated opposite the Tower 3 Commercial Tower entrance.
The property offers the following key attributes:
- 9 Individual titles, forming one tenancy and purposely fitted for education purposes.
- The 9 titles include: lots 30110-30114, 30214-30217
- Exclusive access to lifts, foyers and amenities on level 1 and 2
- Total Gross Floor Area of 848m2*
- Total Car Parks on Title: 9 basement car parks
The property is currently tenanted by Imagine Education Australia, an education provider who have four campuses in Queensland, providing a secure and blue-chip investment opportunity.
The Investment Opportunity:
- 12-year lease (expiring in 2035)
- Net Income: $320,000* + GST
- Tenant pays 100% outgoings
- Established company with strong trading history
This Property must sell and under the current price adjustment of $3,500,000 it would present a net return, on settlement of 9.1% and escalations thereafter until 2035.
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
Remember to mention you found this property on CommercialReady
