Rarely available, this full floor office suite is located at Level 4, 18-22 Orchid Avenue in Surfers Paradise. Situated within a boutique CMS and occupying a substantial land holding of 1,093sqm* and with clear instructions to sell, this property presents an incredible opportunity to purchase within Australia's tourism mecca and an incredible future upside.
A strategic acquisition - this 306sqm* office suite is currently fully leased, offering a secure income-producing asset boasting a prime located address in the heart of Surfers Paradise presenting the potential for future redevelopment within this renowned coastal destination on the Gold Coast. Positioned centrally within the vibrant tourist hotspot, 18-22 Orchid Avenue stands to benefit from the proposed $138 million Surfers Paradise rejuvenation project including a substantial $90 million upgrade of the Cavill Avenue Mall and an additional $40 million dedicated to enhancing the beachfront Esplanade. The private development sector is even more buoyant with a mooted $3 billion worth of projects along the beachfront including Meriton's $700 million 'Iconica' project under constructions and the recently announced $1.3 billion 'Cypress' project.
The Gold Coast property market remains resilient, supported by a thriving commercial sector, a robust job market, and ongoing infrastructure investments. Despite rising construction costs, the city continues to experience growth across all sectors, attracting new businesses and offering a wide range of investment opportunities. The recently completed Gold Coast Airport extension and the SEQ hosting of the 2032 Olympic Games further contribute to the promising future of the city for investors. With one of the strongest performing office leasing markets supported by record low vacancy rates in the property market and the increasing popularity of affordable apartments, the Gold Coast proves to be an attractive destination for investors and developers alike. Noteworthy infrastructure investments, such as the Surfers Paradise rejuvenation project, the Gold Coast Light Rail Stage 3 extension, and prosperous commercial & industrial markets all contribute to the sustained economic performance of the region.
Currently leased to a well established vocational training group with a lease trail to July 2025 generating approximately $60,000.00 gross per annum + GST and is delivered as a fully-fitted office comprising a welcoming reception area with access to two large open plan work areas, boardroom, and meeting rooms as well as two large executive offices and smaller private offices, internal male & female amenities including showers, internal kitchenette as well as considerable balcony access sprawled across all aspects.
• 306sqm* of practical office accommodation
• Leased until July 2025 with a gross income of $60,000.00 per annum + GST
• Located within a CMS with a land holding of 1,093sqm* zoned Comprehensive Development
• Fully fitted, practical configuration plus balcony access on all boundaries with ocean views
• Two (2) exclusive basement car parks included with lease
• Central Orchid Avenue address in close proximity to thriving Surfers Paradise bars & restaurants, entertainment and tourist accommodation
• Major growth corridor with 28,000 permanent residents and in excess of 4,000,000 tourist visitors annually
• Significant growth corridor with $3bn in proposed private development projects and $136m Government planned rejuvenation
• G'Link Light Rail station within a 3 minute walk and immediate access to surrounding short & long term parking
• Seller's instructions are ultimately clear - this asset will be sold
Please contact the exclusive agent to discuss Lot 65/18-22 Orchid Avenue in further detail and arrange your time to view the premise.
*Approx.
^Subject to Council Approval
*Approximately
Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
