12 Short Street,
Southport, QLD 4215
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CBRE - Gold Coast
Level 18, 50 Cavill AvenueSURFERS PARADISE, QLD 4217
12 Short Street
Southport, QLD 4215
Map of 12 Short Street
Multi-Tenanted Office Building with Value Add and Development Potential
- 100%** leased to quality tenants
- Reliable returns and rental increases
- Strong office leasing fundamentals
Colliers and CBRE are pleased to present for sale a prominent corporate office building in the heart of Southport. We are offering For Sale via expressions of interest closing Wednesday 21 June 2023, 4pm (AEST).
Highlights of the opportunity include:
• Fully leased asset with strong rental increases
• 2,838sqm* NLA with central core configuration (0 Star NABERS rating)
• 100%** leased - $996,709* p.a. estimated net income
• Reliable returns through staggered lease expiries
• Prime 2,001sqm* corner site
• New Development Approval to increase GFA by 59%*
• Ideal 1:45sqm* car parking ratio for tenant attraction
Capitalise on the Gold Coast office leasing market that now boasts one of the lowest vacancy rates in the country now sitting at just 6%*. Gross face rents have increased 4.3%* in the second half of 2022 and the area is predicted to be undersupplied by 2025 with no new office product set for completion.
For further information, contact the exclusive marketing agents at Colliers and CBRE today.
* Approximate
** Subject to conversion of HOA into lease
Highlights of the opportunity include:
• Fully leased asset with strong rental increases
• 2,838sqm* NLA with central core configuration (0 Star NABERS rating)
• 100%** leased - $996,709* p.a. estimated net income
• Reliable returns through staggered lease expiries
• Prime 2,001sqm* corner site
• New Development Approval to increase GFA by 59%*
• Ideal 1:45sqm* car parking ratio for tenant attraction
Capitalise on the Gold Coast office leasing market that now boasts one of the lowest vacancy rates in the country now sitting at just 6%*. Gross face rents have increased 4.3%* in the second half of 2022 and the area is predicted to be undersupplied by 2025 with no new office product set for completion.
For further information, contact the exclusive marketing agents at Colliers and CBRE today.
* Approximate
** Subject to conversion of HOA into lease
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Property ID: 504329068Last Updated: 24 Oct 2023
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