Rare Freehold Site Anchored by Allied Health Tenant | Significant Development Upside
Burgess Rawson is pleased to offer to the market 35 Price Street, Nerang (Gold Coast) QLD for sale via our Investment Portfolio Auction 161.
This opportunity has the following key investment highlights:
+ Anchored by five (5) year net lease to 2027 to established Allied Health tenant - All About Physio
+ One (1) further five (5) year option to 2032
+ All About Physio (AAP): expert physiotherapists with specialists across all fields and a network of 2 centres
+ Favourable annual CPI Reviews, with a minimum increase of 3% and a maximum of 4%
+ Tenant (AAP) pays 50% of all outgoings including land tax
+ Supported by additional income provided from large storage/industrial shed on month-to-month lease to long term tenant Professional Investment Services
+ Expansive 1,012sqm* landholding with favourable ‘Centre’ Zoning allowing for maximum building height of 39m* (STCA), offering a rare opportunity to utilise the sites full potential
+ Adjacent to both Beaudesert-Nerang Road and Nerang Connection Road, offering exposure to over 42,150* passing vehicles daily
+ Prominently positioned within close proximity of Nerang State School and major retail centres My Centre Nerang & Nerang Fair Shopping Centre, anchored by Coles, ALDI and supported by 56 specialty retailers
+ Gold Coast: one of Australia’s fastest growing cities with current population of 620,518 and forecast to grow to over 1,000,000 by 2050^
+ Net Income: $89,242 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 22 June 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
^ Gold Coast City Council
Remember to mention you found this property on CommercialReady
