Southport investment gem under the hammer

INVESTORS have a golden opportunity to snap up an outstanding investment freestanding industrial building as 80 Minnie Street in the Gold Coast’s Southport heads to auction.

The asset, that comes with 102sq m* office and 380sq m* warehouse, has had Schulz Group Pty Ltd as the tenant for the past four years.

The property is being marketed and sold by Ray White Commercial Gold Coast Sales Specialist Michael Willems.

Mr Willems said property was subject to a two-year lease with two two-year options that commenced in January 2020 for a net annual income of $120,000* plus GST.

“The asset offers excellent connectivity and accessibility to a wide variety of business and lifestyle amenities across the Gold Coast,” he said.

“Features include two container height roller doors, separate male and female toilets, high clearance insulated roof, semi-trailer access and ample on grade car parking.

“On Minnie Street, which runs off Southport-Nerang Road, other users in the precinct include Bruce Lynton Range Rover, and Sunshine Volvo/McLaren/Aston Martin dealerships.

“Extensive commercial and retail showroom developments are also close by along Ferry Road. Southport is a major centre for Government and private sector services and administration.

“It’s serviced by arterial roads linking the upgraded M1 Pacific Motorway and the transport interchange and is a major hub for bus services.

“It’s a well-serviced, growing central business district, which is ripe for development and business investment and is increasingly being recognized as an emerging innovation centre for medicine, education and new technologies.”

*Approximately.