154 Varsity Parade is a modern commercial office building located in the geographical heart of the Gold Coast, minutes from the M1 Motorway and Varsity Lakes Train Station. The opportunity with this commercial office is to reposition, re-lease and value add with proactive management and leasing strategies. Due to the nature of the Gold Coast office market, being underpinned by small and medium enterprise, the City has had stable occupancy which is continuing to drive the local economy.
- Modern well maintained office building
- Strong passing income of $832,687 per annum*
- Potential income when fully leased $1,588,847 per annum*
- Double-digit return targeted upon re-leasing campaign
- 50%* occupied by multi-national company, Serco Australia
- Net lettable area 3,994 sqm*
- Land area 3,913 sqm*
- 140 car parks*
- Eight level height limit
- 5.5-star NABERS Energy Rating
- Take advantage of the strong Gold Coast commercial market, underpinned by quality SME sector
For further information or to arrange an inspection, please contact exclusive agent via the links above.