87-89 Upton Street, Bundall

Legacy Property Australia, as exclusive agents are pleased to offer for sale, a freehold commercial building, with significant opportunity whether you're an owner-occupier or a savvy investor.

A unique standalone office building on a 1,113m2 block with 972m2 of net lettable area across 3 floors.

Located in the heart of the Gold Coast - a region currently experiencing a low vacancy, low supply market - this property offers strong fundamentals, upside potential, and multiple strategic outcomes.

For the owner occupier  an entire floor of 324m2 is available for immediate use, perfect for establishing your business presence right away.

The two additional floors are currently leased, providing passive income while you plan your future expansion. One lease includes a renewal option, while the other does not, presenting a short term growth opportunity, and in the medium to long term, the potential to occupy the whole building.

For investors the proposition is equally compelling. Both leased floors offer immediate income, and importantly, both are currently under-rented. With lease expiries in around 12 months, there’s a clear pathway to reposition and re lease at current increased market rates.

Key Features include:

• 1,113m² of prime commercial land
• 972m² of net lettable area across 3 floors.
  • Level 1 - 324m2 - expiry 31.08.26.
  • Level 2 – 324m2 – vacant – fitout in place
  • Level 3 – 324m2 - expiry 31.07.26 with 3 yr option.
• $222,284.06 pa net - Passing income ($331/m² net + $1,200pa x 6 car parks)
• $336,132 pa net - Fully leased projected income (based on current passing lease rates- $331/m² net + parking).
• $432,576 pa net – Estimated upside with market rental revision within 12 months* ($408/m² net + parking)
• $50/m² - Outgoings approx. (17% are recoverable.)

• Good office fitouts on all 3 levels.
• 20 on site car parks.
• Rooftop communal breakout space including bathrooms & shower
• Each floor has own amenities.
• Great central CBD location.
• GCCC Zoning – Innovation. Allowing many uses.

For sale via Expressions of Interest closing Thursday 4th of September 2025 at 4pm (AEST)