21/47 Watts Drive
Varsity Lakes 4227

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.