201 Varsity Parade Varsity Lakes QLD 4227

CBRE in conjunction with Raine and Horne Commercial are pleased to present to the market, Market Square - an 1,836 square metre volumetric titled ground floor convenience centre strategically located in the heart of the Varsity Lakes business district with a diverse income stream and strong national tenants.

Varsity Lakes is conveniently located approximately 11km from Surfers Paradise and less than a 7-minute drive to Burleigh Beach. Accessibility and convenience is at the forefront given the 122 parking bays and its proximity to Bond University, the M1 Motorway, Robina Train Station and bus routes.

$949,639 fully-leased net income per annum.
6,236 sqm site area (parent parcel).
1,836 sqm of lettable area.
Anchored by an IGA supermarket until December 2028 with two further five-year option periods, representing 22% of the total GLA.
Diverse specialty income profile including national retailers such as Australia Post, Cellarbrations, Subway and Pita Pit.
High growth annual reviews ranging from 3.0% to 5.0% and CPI.
Convenient access and signage along Varsity Parade, with 122 on-grade and basement car bays.

The property is for sale by Expressions of Interest closing on Wednesday, 19th June 2024 at 4:00pm.

For more information and access to the data room please contact the exclusive agents.

(All measurements, areas, numbers are approximate only)