519 Olsen Avenue, SOUTHPORT QLD 4215

PRIME FUEL AND RETAIL REPOSITIONING OPPORTUNITY

CLARK Property Partners in conjunction with Colliers is pleased to present 519 Olsen Avenue, Southport, a strategic corner commercial property on one of the busiest Gold Coast intersections offering visibility to over 50,000* vehicles passing daily.
This commanding, multi-tenanted 6,688sqm site comprises a soon to be vacated service station long term occupied by Caltex, a vacant carwash and freestanding Goodyear Autocare on a recently renewed 5 + 5 + 5-year lease. The property furthermore offers surplus land with additional scope for further development such as a fast-food pad site, showroom or warehouse.
This multi-tenant opportunity offers the ability for a strong diversified long term income stream. Passive investors will capitalise from the easy ability to obtain 100% occupancy based on pent up demand from service station and carwash operators currently seeking well-positioned suitable locations, something which is non-existent here on the Gold Coast, particularly with existing operational sites. The ability to occupy with an additional income stream will suit potential owner-occupiers for the service station.
Key investment highlights include:
– Expansive and irreplaceable 6,688sqm corner site*
– Building areas 850m2* GFA
– Fully Leased potential Net Income in excess of $500,000* per annum
– Three tenancies consisting, fully operational service station, Car Wash and Goodyear Autocare
– Goodyear Autocare headlease on a new 5+5+5 lease commenced 06/07/2020
– Caltex lease expiry 30/11/21, alternate tenant interest in hand
– Fully operational vacant car wash
– Existing original scheme in existence for additional retail showrooms/Warehouses
– Dominant position fronting major arterial roads Olsen Avenue and Southport Nerang Road
– Strategically positioned to capture exposure to over 50,000 vehicles per day
– Zoned mixed use ( Fringe Business)
– Situated amongst ALDI, Shell service station, Bunnings, Spotlight Commercial Centre and Ashmore City Shopping Centre
– Less than 3km from $5b Gold Coast Health and Knowledge Precinct

This is an extremely rare opportunity to acquire a truly well positioned asset which offers the investor or developer the rare opportunity to secure an established service station centre which can be re-positioned to offer a high yielding return.
519 Olsen Avenue, Southport, is for sale by ‘Offers to Purchase’ closing Thursday the 21st October 2021 at 4pm.

A copy of the Information Memorandum and Due Diligence package is available upon request via exclusive agents, Colliers Steven King on +61 417789599 or CLARK Property Partners Steve Clark +61 400 338 434
* approximately
~ outlines indicative only

Steve Clark

0400 338 434
stevec@clarkproperty.net.au

• ENQUIRE NOW
• VIEW ON MAP