Learn more about this property online at:
https://www.colliers.com.au/p-aus66016454
https://www.colliers.com.au/p-aus66016454
- For sale
Colliers is pleased to present 121 Scarborough Street, a high profile 3-level office building in the Gold Coast’s CBD of Southport.
This long WALE investment opportunity is anchored by an existing 8 year lease to the Queensland Government plus a new 10 year lease to a national tenant due to commence 1st January 2023.
As part of the new 10 year lease, an extensive fit-out program is scheduled for H2 2022 across the top two levels of the building ($2.5m in works).
As a result, 121 Scarborough is set to offer an incoming investor a fully-leased asset with 96% of NLA to be occupied by Government and National Tenants with a 7+ year WALE (by area).
Building features include:
- Net income: $1,018,931 pa (as at 1 January 2023)*
- Net Lettable Area: 3,052sqm*
- Land area: 1,656sqm with two street frontages*
- 82 carparks (secure basement) with 1:37 parking ratio
- 7.19 year W.A.L.E. (by NLA)
- 100% occupancy^
- 96% leased to Government / national tenants
- 3-level office building with excellent natural light
- NABERS (Energy) 3.5-star rating
- Mixed-use land with unlimited height zoning (1 bedroom / 9sqm residential density)
- Large flexible floor plates (circa 1,000sqm) with central core
- Short walk to Light Rail, Broadwater & Australia Fair Shopping Centre
- Genuine seller, don’t miss this rare long lease investment opportunity
Due diligence is available upon request via a data room after completion of Confidentiality Agreement.
For more information contact Colliers exclusive agents, James Crawford or Steven King.
* all figure are approximates
~ outlines indicative only
^ the income, WALE and occupancy are subject to lease execution and fit-out works being completed.
This long WALE investment opportunity is anchored by an existing 8 year lease to the Queensland Government plus a new 10 year lease to a national tenant due to commence 1st January 2023.
As part of the new 10 year lease, an extensive fit-out program is scheduled for H2 2022 across the top two levels of the building ($2.5m in works).
As a result, 121 Scarborough is set to offer an incoming investor a fully-leased asset with 96% of NLA to be occupied by Government and National Tenants with a 7+ year WALE (by area).
Building features include:
- Net income: $1,018,931 pa (as at 1 January 2023)*
- Net Lettable Area: 3,052sqm*
- Land area: 1,656sqm with two street frontages*
- 82 carparks (secure basement) with 1:37 parking ratio
- 7.19 year W.A.L.E. (by NLA)
- 100% occupancy^
- 96% leased to Government / national tenants
- 3-level office building with excellent natural light
- NABERS (Energy) 3.5-star rating
- Mixed-use land with unlimited height zoning (1 bedroom / 9sqm residential density)
- Large flexible floor plates (circa 1,000sqm) with central core
- Short walk to Light Rail, Broadwater & Australia Fair Shopping Centre
- Genuine seller, don’t miss this rare long lease investment opportunity
Due diligence is available upon request via a data room after completion of Confidentiality Agreement.
For more information contact Colliers exclusive agents, James Crawford or Steven King.
* all figure are approximates
~ outlines indicative only
^ the income, WALE and occupancy are subject to lease execution and fit-out works being completed.