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4/47 Watts Drive, Varsity Lakes, QLD, 4227

2. Property Highlights

Set & Forget Investment - Commonwealth of Australia Tenant

Adam Grbcic & Tony Grbcic from Kollosche Commercial are proud to present to the market, Lot 4/47 Watts Drive, Varsity Lakes.

'The Point @ Varsity' comprises a three (3) storey commercial building that has been strata titled into four commercial offices and offers above-ground and basement car parking.

Lot 4 is situated on the ground floor of "The Point @ Varsity" and is tenanted to the Commonwealth of Australia. Offering wide window frontage and high exposure, the highly visible tenancy makes up the majority of the ground floor area.

Lot 4 offers the following key attributes:

- Total Net Lettable Area: 290m²*

- Car Parks: 8

- Currently undergoing an extensive fit out upgrade which will provide state of the art fit out works

Lot 4 offers the following key investment drivers:

- Tenant: The Commonwealth of Australia

- Lease commencement: 01.04.2023

- Lease Expiry: 31.03.2028

- Term: 5 years + 5 year option

- Annual Reviews: CPI

- Current Net Income: $110,785.73 + GST per annum

4/47 Watts Drive is offering all the key metrics to the ideal investment property for those seeking a set, forget and very secure opportunity. The property also has further value add potential.

For more information, please contact the exclusive marketing agents Adam Grbcic & Tony Grbcic from Kollosche Commercial.

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

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3. Property Location

4/47 Watts Drive, Varsity Lakes, QLD, 4227

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4. Due Diligence

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4/47 Watts Drive, Varsity Lakes, QLD, 4227 Varsity Lakes
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