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3 Avalon Parade & 39 Hillcrest Parade
Miami QLD 4220
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Sold on 30 May 2024

3 Avalon Parade & 39 Hillcrest Parade Miami QLD 4220

  • Factory, Warehouse & Industrial
  • 716 - 828 m²
  • Sold

SOLD | Beachside Industrial Investments with Endless Future Upside

  • Combined net income of $324,567 p.a.
  • Generous annual increases
  • Multi-year lease renewal options

Colliers are pleased to present to the market for sale individually or in one-line, 3 Avalon Parade & 39 Hillcrest Parade, Miami QLD 4220. Two beachside freehold investments containing endless future upside in one of the Gold Coast's most desirable and flourishing locations, which stands to benefit from both the future G-Link Extension (Light Rail Stage 3) and 2032 Olympics Pizzey Park Master Plan.

Stong future income across two semi-modern freestanding facilities, situated on adjacent rectangular-shaped allotments and comprising two street frontages, makes this a versatile offering to be noticed.

These freehold investments share the following key features:

3 Avalon Parade, Miami

- 814m² of superior industrial land
- 716m²* of net lettable area across office, showroom and warehouse
- Net income of $175,457.82* p.a. + Outgoings + GST (excluding land tax)
- Generous fixed annual increases
- Leased until 2026 with options to 2028
- Future upside potential STCA
- 20.27m* of street frontage
- Ample on-grade parking

39 Hillcrest Parade, Miami

- 812m² of high-profile industrial land
- 828m²* of net lettable area across office and warehouse
- Net income of $149,109.27* p.a. + Outgoings + GST (excluding land tax)
- Future rental uplift
- CPI Increases
- Leased until 2025 with options to 2031
- Potential future upside STCA
- 20.16m²* of street frontage
- On-grade & street parking

For sale via Offers to Purchase.

Please contact Colliers exclusive agents Matthew Adcock or Marlon Crawford for further information.

* All figures are approximate

Colliers International - Gold Coast
Colliers International - Gold Coast
Level 2 Circle on Cavill 3184 Surfers Paradise Boulevard
Surfers Paradise, QLD 4217

Property Highlights

Date Sold30 May 2024
Floor Area716 - 828 m²
Land Area1,626 m²
ParkingOn site parking available
Property ID2019148465
Category
Last updated  30 Jun 2024
Map for 3 Avalon Parade & 39 Hillcrest Parade Miami QLD 4220
Colliers International - Gold Coast
Colliers International - Gold Coast
Level 2 Circle on Cavill 3184 Surfers Paradise Boulevard
Surfers Paradise, QLD 4217

Property Highlights

Date Sold30 May 2024
Floor Area716 - 828 m²
Land Area1,626 m²
ParkingOn site parking available
Property ID2019148465
Category
Last updated  30 Jun 2024

Co-Agents

Matthew Adcock
Colliers International - Gold Coast
Call
+61 428 455 990
Marlon Crawford
Marlon Crawford
Colliers International - Gold Coast
Call
+61 415 480 874

More about 3 Avalon Parade & 39 Hillcrest Parade Miami QLD 4220

3 Avalon Parade & 39 Hillcrest Parade Miami QLD 4220 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 716 - 828 m² and a land area of 1,626 m². The listing ID for this property is 2019148465.

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