Colliers is pleased to present '130 Bundall Road’, a high profile 6-level refurbished Office building fronting Bundall Road.
This investment asset is anchored by an ASX listed tenant who occupy two whole floors and other high quality SME businesses including Optus Business Centre and Insane Technologies.
With occupancy at 84%, 130 Bundall Road is strategically positioned to take advantage of rental reversion due the current strength of the Bundall office market which has a vacancy rate of just 7%.
Offering skyline views over Surfers Paradise, 130 Bundall Road is located directly opposite the City of Gold Coast’s $280 million HOTA (Home of the Arts) cultural precinct, a 16.9ha master plan success.
Building features include:
- Current net income $786,253pa ^
- Projected net income: $1,045,233pa ^ (once fully leased)
- Net Lettable Area: 3,720sqm plus additional roof top area (481sqm) ^
- Land area: 2,226sqm with dual-street vehicle access ^
- 85 carparks (57 basement, 28 on-grade)
- 1.9 year W.A.L.E. (by income) ^
- 84% occupancy with rental reversion upside^
- 6 level office building with excellent natural light
- Diversified income across 9 tenants
- Gross floor plates circa 650sqm and 600sqm NLA when split
- ASX listed tenant occupies 2 x full floors across 1,298sqm of NLA ^
- Building refurbishment completed 2018, original build circa 1980
- Recent capex includes air conditioning chiller replacement, cosmetic improvements and lift cart upgrades
- 0-star energy NABERS rating
- ‘Innovation’ zoning permits a wide range of commercial uses
- 54m height limit with RD8 residential density (1 bed / 13sqm )
- Directly opposite HOTA the City's 16.9 hectare cultural precinct
- Interstate based seller, clear instructions to sell!
Due diligence is available upon request via a data room after completion of Confidentiality Agreement.
130 Bundall Road, Bundall, is for sale by 'Offers To Purchase’ closing Wednesday the 11th August 2021 at 4pm.
For more information contact Colliers exclusive agents, James Crawford 0423601063 or Steven King 0417789599
^ at July 2021
* approximately
~ outlines indicative only
Remember to mention you found this property on CommercialReady.com.au
