1205/56 Scarborough Street SOUTHPORT QLD 4215

Interstate owner liquidating assets | 10-year tenant Maven Dental

CLARK Commercial present Suite 1205 in Southport Central Tower 1 to the market for sale by Public Auction at 11am on Wednesday April 17th, 2024. Leased to nationally recognised dental group Maven Dental since 2015, and with options extending to 2035, Suite 1205 provides an attractive and secure commercial investment, with an estimated annual net income of $24,697.75.

Maven Dental is part of the Abano Healthcare Group, the largest Trans-Tasman dental support organisation (DSO), along with sister companies 1300SMILES in Australia and Lumino The Dentists in New Zealand. Maven Dental was launched in 2008, and has grown to over 105 general and specialist dental clinics across Australia.

Suite 1205 will be sold by Public Auction at 11am on Wednesday April 17th, 2024. A commercial investment with a tenant as reputable as Maven Dental is extremely rare in the sub $500,000 price point, buyers are encouraged to capitalise on this unique opportunity, this will be sold at or before auction.

Property Details:

• 87sqm, 2nd floor of Tower 1
• Reception and waiting area, 3 consultation rooms, staff room and kitchen
• One (1) secure basement car space allocated to the tenancy
• Free 3-hour basement parking for clients and visitors
• 24/7 onsite security team

Lease Details:

• Estimated annual net income of $24,697.75 plus outgoings, plus GST
• Tenanted to Maven Dental since 2015
• Lease expiry January 2025
• 2×5 year options until 2035
• Opportunity for rental growth

Tenant Details:

• Maven Dental was launched in 2008, and has now grown to over 105 general and specialist dental clinics across Australia
• Maven Dental is part of the Abano Healthcare Group, the largest Trans-Tasman dental support organisation (DSO)
• Abano Healthcare Group has built a network of more than 800 clinicians operating their businesses from over 270 dental clinics throughout Australia
and New Zealand

For a copy of the Information Memorandum, access to the due diligence content, and to arrange an inspection, please contact the exclusive agent James Brown of CLARK Commercial on 0475 102 778.

This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Disclaimer: We have in preparing this information used our best endeavor to ensure that the information contained herein is true and accurate and accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracy or misstatements that may occur. Prospective vendors, purchases and tenants should make their own enquiries to verify the information contained herein.

James Brown

0475 102 778
jamesb@clarkproperty.net.au

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