FOR SALE
DEADLINE PRIVATE TREATY 24TH NOV 2021 4PM (UNLESS SOLD PRIOR)
Colliers are proud to be exclusively appointed to sell this iconic office building by way of International Deadline Private Treaty, closing at 4pm on Wednesday 24th November 2021.
Invest in a quality office building, located in a prime position on the junction of Ellerslie-Panmure Highway and State Highway 1.
Benefit from the substantial income of $2,098,537 + GST per annum from a diverse range of quality tenants, high studs, excellent fitouts and $6.8m of capital expenditure over the last 8 years.
Add value in the short term by increasing rents, leasing vacant offices and carparks.
Position yourself for the huge growth potential that the large mixed-use site of 4,167sqm offers and the future conversion to an alternative use including residential apartments, built-to-rent or accommodation.
Invest now, enjoy the excellent income stream and benefit from the growth potential!
Features
-4,167sqm freehold mixed-use site
-5,538sqm of improvements (plus 214.37sqm of decks)
-$6.8m capital refurbishment program completed
-$2.098m + GST net income (including underwrites)
-Prime location with great outlooks from floors
-Huge profile to SH1 and Ellerslie
-Future conversion opportunity given flexible zoning
-Quality tenants and fitouts, featuring high studs on many floors
-Immediate access to main arterial routes