228 Varsity Parade Varsity Lakes QLD 4227

A 1,059 sqm fully leased convenience centre with a strong history of trading and tenant retention, featuring a diverse mix of 12 specialty tenants offering food and beverage, health and beauty, and office services.

Positioned in the heart of the Varsity Lakes business district only 11km* from Surfers Paradise with convenient access to a broad range of social amenity and public transport. Located between Bond University and Varsity College, the property benefits from a bustling catchment area.

With a prominent street presence and signage along Varsity Parade, it offers access to 111 secure basement car bays, enhancing convenience and accessibility. This passive and extremely secure investment is situated in a high-growth business and lifestyle precinct, surrounded by education and healthcare services.

The property generates a net income of $590,000* per annum with rent reviews of between 3% and 4% and presents value-add potential.

For sale by Expressions of Interest closing Thursday, 20 February 2025.

(All areas, distances, outlines, locations are approximate only)