Southport investment gem under the hammer

INVESTORS of all brackets have the chance to snap up a tenanted investment gem in the tightly-held industrial precinct of Ferry Road in Southport.

The property at 1/1-3 Nesbit Street comes with 218sqm* of net lettable area and is heading to auction at the Gold Coast Turf Club.

The asset is being marketed and sold by Ray White Commercial Gold Coast Sales Specialist Michael Willems and Sales Professional Jackson Rameau.

Mr Willems said the property being just off the Gold Coast’s busiest Ferry Road made it perfect for buyers to invest in.

“This industrial unit occupies a prominent front corner position in a seven-unit complex in Southport and is in close proximity to major arterial roads and business centres,” he said.

“The accommodation comprises high clearance warehouse space with associated office and amenities and is ‘Mixed Use – Fringe Business Precinct’ zone coded.”

Mr Rameau said the asset was currently occupied by WF Automotive Services until July 2020 for an annual net income of $20,982.32* plus GST.

“This one is perfect for anyone looking for an affordable investment opportunity which will appeal to a variety of buyers and would be ideal for a self-managed super fund,” he said.

“Surrounding the area is an array of fast food centres, renowned car dealerships such as Porsche Centre GC, Bentley, Maserati, Mitsubishi and the private boys school TSS.”

The auction will take place Gold Coast Turf Club, Racecourse Drive, Bundall on Wednesday 04 December at 11:00 (AEST).

*Approximately.