201 Varsity Parade VARSITY LAKES QLD
IGA ANCHORED RETAIL INVESTMENT IN THE HEART OF VARSITY LAKES
-1,836 sqm retail centre anchored by IGA
-Established Varsity Lakes location
-High growth & secure income profile
The 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.
For more information and access to the data room please contact the exclusive agents.
(All measurements, areas, and numbers are approximate only)
Disclaimer: Matrix Global 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 inquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice, or as is otherwise necessary, all information given is given without responsibility.
-Established Varsity Lakes location
-High growth & secure income profile
The 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.
For more information and access to the data room please contact the exclusive agents.
(All measurements, areas, and numbers are approximate only)
Disclaimer: Matrix Global 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 inquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice, or as is otherwise necessary, all information given is given without responsibility.
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Retail
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1 ha
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1,836 sqm
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4.0
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Contact Agent