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2. Property Highlights

100% LEASED GOVERNMENT ANCHORED CBD OFFICE BUILDING
  • Net income: $1,321,358*
  • Fully Leased - State Gov anchored
  • Land area 4,024sqm*

CLARK Commercial and Colliers are pleased to present the iconic 'Hot Tomato House' at 60 High Street, Southport to the market for sale by Expressions of Interest closing Wednesday 6th March 2024.

Fully leased to A-grade covenants. 'Hot Tomato 102.9 FM', State Government agencies: BreastScreen Queensland and Department of Treasury, and Multicultural Communities Council Gold Coast Ltd, delivering a robust cash flow investment positioned for significant growth. Recent major enhancements have elevated the property's functionality and aesthetics, attracting, and retaining key tenants, providing a modern commercial hub for its occupants to thrive.

Prominently located adjoining the prestigious St Hilda's Private School Campus and Gold Coast Audi Centre, with exposure to 25,000* passing vehicles daily, Hot Tomato House offers a stable, high-cash-flow investment, in a market buoyed by strong tenant demand and development restraints limiting supply.

KEY INVESTMENT HIGHLIGHTS

• 4,024sqm land area

• 3,495sqm* NLA

• 95 carparks over two levels (1/36sqm NLA)

• Fully leased passing net income: $1,321,358*

• Further income growth possible via rent reversion and utilising carparking vacancies

• WALE - 2.6 Years (By Area) 2.4 Years (By Income) as at 1 April 2024

• 4- Star NABERS Energy rating

• Recent major CAPEX program to improve functionality

• Large 1400sqm floor plates on two levels

• Significant corridor for commercial, retail, and residential high-rise development.

• Zoned: Mixed Use - Fringe Business

• Hot Tomato Radio has a significant fitout and telecommunications infrastructure including:

• 35m Transfield monopole antenna with direct line of site to Mt Tamborine

• D330 generator rated at 75KVA

• Engineering upgrades have increased floor loading in BreastScreen Queensland

* Approx

For Sale via Expressions of Interest closing 4:00pm Wednesday 6th March 2024 (AEST). For additional information or to arrange a property inspection, please contact our exclusive marketing agents at CLARK Commercial or Colliers.

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

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4. Property Location

60 High Street, Southport, QLD, 4215

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5. Due Diligence

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