Burgess Rawson are pleased to present to the market 539 Southport Nerang Road, Molendinar (Gold Coast) QLD for sale via Investment Portfolio Auction 172.

The property has the following investment highlights:

+ World class complementary tenancy mix to top tier global, ASX-listed, international and convenience tenants including Guzman y Gomez, Zarraffa’s, Hope Energy and Queens Arms Bottleshop
+ Ultra-rare opportunity to acquire a brand new multi-tenanted retail centre with an exceptional 9.3 year WALE*
+ Anchored by a 15 year lease to Guzman y Gomez to 2039 plus options to 2059, a 10 year lease to Zarraffa’s to 2034 plus options to 2054, and a 10 year lease to Hope Energy to 2034 plus options 2059
+ Brand new 2024 construction, offering maximum depreciation benefits and rare opportunity to purchase below replacement cost
+ State-of-the-art 2,388sqm* NLA purpose-built retail centre including 2 freestanding fast food restaurants with drive-thru facilities, 2 freestanding two-storey retail/medical buildings, freestanding fuel station with six (6) fuel bowers and valuable 57 on-site car spaces
+ Significant 7,292sqm* freehold with 233m* of direct frontage to Southport Nerang Road, a signalised intersection with 40,000+ vehicles passing daily
+ Favourable review structure with a mix of 3%, 4% and annual CPI rental reviews ensuring guaranteed rental growth and long-term income security
+ Existing tenants on below market rental rates allowing for rental upside or eventual reposition
+ Prominently positioned within a significant residential growth corridor with 100,000+ residents plus 37,435 motor vehicles within a 5km radius*, ensuring the strong trade of the tenants
+ Strategic location within 3km* of Nerang Fair Shopping Centre, Ashmore Shopping Centre and Benowa Village including national tenants Bunnings, McDonald’s, Coles, Supercheap, Chemist Warehouse, 7-Eleven, BP, Ampol and United
+ Gold Coast: one of Australia’s fastest growing cities, with a population forecast to exceed 1,000,000 residents by 2050 & $16.6 billion in planned future infrastructure projects
+ Estimated Net Income: $834,694 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 31 October 2024
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.