21/47 Watts Drive Varsity Lakes
Office

21/47 Watts Drive
Varsity Lakes 4227

Offers over $3,650,000
    • 13
    • 574
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21/47 Watts Drive Varsity LakesSold
Offers over $3,650,000
  • 13
  • 574

Multi-Tenanted Commercial Investment in Premium Waterfront Building

Sold

Thu 30 Nov

More Information

Please contact agent for further details

21/47 Watts Drive Varsity Lakes
21/47 Watts Drive Varsity Lakes
21/47 Watts Drive Varsity Lakes
21/47 Watts Drive Varsity Lakes
21/47 Watts Drive Varsity Lakes
21/47 Watts Drive Varsity Lakes
21/47 Watts Drive Varsity Lakes
21/47 Watts Drive Varsity Lakes
21/47 Watts Drive Varsity Lakes
21/47 Watts Drive Varsity Lakes
21/47 Watts Drive Varsity Lakes
21/47 Watts Drive Varsity Lakes
21/47 Watts Drive Varsity Lakes
21/47 Watts Drive Varsity Lakes

Adam Grbcic and Taylor Jones from Kollosche Commercial are proud to present to the market, Lot 21 at 47 Watts Drive, Varsity Lakes ("The Property").

This is an excellent opportunity to purchase a multi-tenanted commercial lot in the premium office building, The Point @ Varsity.

'The Point @ Varsity' comprises a three (3) storey commercial building that has been strata titled into five commercial offices and offers above ground and basement car parking. Lot 21 has recently been renovated and presents to an A-Grade Office Standard. It also provides extremely generous parking ratios which makes it one of the most desirable offices for occupants in Varsity Lakes.

The Property offers the following key attributes:

- Total Gross Floor Area: 574m²* (inc balcony's)

- Configured into two separate tenancies

- Expansive balcony which captures views over Lake Orr

- 13 parking spaces on title (1 parking per 42m2 of GFA)

- 4-star NABERS energy rating

The Property is occupied by 2 established tenants and offers the following key investment drivers:

- Both leases commenced in 2023

- 3-year and 5-year lease terms respectively

- Total Net Income: $198,270 + GST and 100% outgoings

- Both tenants have heavily invested in extensive fit outs & strong rental history

The building has a history of very low vacancy which is testament to the location, building quality, car parking ratio and waterfront aspect. This is one of few commercial buildings on the Gold Coast with a waterfront aspect.

For more information, please contact either Adam Grbcic or Taylor Jones from Kollosche Commercial.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Adam Grbcic

Adam
Grbcic

Commercial Sales

AG Real Estate Pty Ltd

Taylor Jones

Taylor
Jones

Sales Associate to Team Grbcic

Property Features

  • Area Views
  • Close to Transport
  • Close to Shops
  • Water Front
  • Close to Schools
  • Water Views

Outgoings

  • Council Rates - $3932 per year
  • Water Rates - $2417 per year
  • Strata Rates - $44200 per year

Location

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