Varsity Lakes QLD 4227
RARE Freehold Mixed Use Building in a Blue Chip Location
Very rarely does an opportunity present itself as with 16 Lake Street.
6% Plus RETURNS!
Centrally located in the CBD of Varsity Lakes and adjacent to Bond University 16 Lake Street offers a freehold mixed use property with a multiple income stream and secure leases in place.
The current mixed use configuration guarantees a steady income and the Freehold presents endless opportunities for future development.
Future & Current Development Opportunities include but are not limited to a High Rise Configuration with or without a commercial aspect. We have designs and concepts available.
Varsity Lakes is a centrally located Gold Coast Suburb that offers easy access to the M1 in both directions, and literally a 5 min drive to the Coast's famous beaches and shopping precents.
The building was renovated in 2019 and comprises of the following;
Professional Services / Allied Health / Retail - Street level - 94m2
Residential Studio Apartment - 1st floor - 37m2
Residential Studio Apartment - 2nd floor - 36m2
Offices - 1st & 2nd floor - 213m2
The Salon on the street level has been beautifully renovated and has a lease in place to 20/08/24
Both studio apartments have been meretriciously renovated and have leases in place to 15/03/24 and the 19/09/24 respectively.
The offices comprise of a combination of an open plan design and fitted offices, with a 2+2 year lease in place which commenced on 1/07/23 - TENNANT WILL VACATE IF VACANT POSSESSION IS REQUIRED!
There is secure off street parking for 6 plus cars.
ALL INSPECTIONS BY APPOINTMENT ONLY - 24 HRS NOTICE REQUIRED
In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.