97-99 Brisbane Road, Biggera Waters QLD 4216

Colliers are pleased to present for sale, 97-99 Brisbane Road, Biggera Waters.

Fully leased to the Commonwealth of Australia on a new lease term extension.

Key property attributes:

- Long term leased to the Commonwealth of Australia (Centrelink & Medicare)
- New 3 year lease extension commenced 1st July 2023 with 3 year option
- $484,038 p.a* net income (after company land tax)
- 1,532m² net lettable area
- 4,365m² land area
- Ample onsite parking for 45 vehicles*
- Prominently positioned within a thriving precinct
- Great exposure to Brisbane Road, within very close proximity of Harbour Town Shopping Centre
- Easily managed, single tenanted premium investment secured by a top tier Government lease covenant
- An important and strategic Centrelink office location that supports the northern central Gold Coast precincts.
- Zoned “Mixed Use, Fringe Business Precinct”
- 5.5 Star NABERS Energy Rating

The Gold Coast currently boasts one of the lowest office vacancy rates in Australia (currently sitting at a record low 6% vacancy). Investors will benefit from strong forecasted future rental growth, as a result of declining vacancy levels and current construction cost restraints limiting new supply.

*Aproximately.
~Outlines indicative only.

For more information please contact exclusive agent:

Steven King 0417 789 599

Remember to mention you found this property on CommercialReady