The Subject Property has a total land area of 3,618m²* with a commanding 55m* frontage to Bundall Road.
The site is improved by two tenanted front Retail Showrooms, 2 rear (1 leased/ 1 vacant) warehouses and a vacant former restaurant. The subject property has a total lettable area of 1,554m²*, of which 898m²* is currently leased (57% of total lettable area).
The leased areas provide a current holding income of $200,000.00 with leases having demolition clauses in place for redevelopment purposes.
The property is located in the Gold Coasts premier Bulky goods / showroom precinct Bundall. Masters Home Improvement is being constructed on the northern adjoining three blocks which will serve as a drawcard customer hub benefiting the Subject Property.
|Sale Date:||14th November 2014|
|Marketing Time Frame:||4 weeks|
|Rate per square metre:||$967.38/m²*|