40-42 Imperial Parade
Labrador 4215

Tony Grbcic and Adam Grbcic from Kollosche Commercial are proud to present to the market, 40-42 Imperial Parade, Labrador QLD "The property".

Situated within 170* metres of Frank Street/Gold Coast Highway which is the key arterial road connecting the southport and northern Gold Coast coastal precincts, and only 400* metres to the Broadwater Parklands.

The site offers a 1,478m2* parcel, with a commanding corner position, which offers multiple access points.

Currently, the site is improved with an existing 2-level building and offering multiple residential tenancies and a strong holding income. The site has a wide variety of redevelopment opportunities, however currently holds a Development Approval for a Health Care Services Building, which not only caters for the neighbouring Aged Care Facility but is conveniently accessible to surrounding suburbs.

Key Property Attributes Include:

- Total Land Area: 1,478m2*

- Zoning: Medium Density Residential

- Prominent corner position offering exposure to Imperial Parade and Muir Street

- Existing Improvements: The land is currently occupied by 6 community title lots, which comprise a 2-level aged persons residential building. The building provides a total of 16 units (15 x Studio units and 1 x 2-bedroom management unit) as well as an onsite managers office.

Development Approval:

The current Development Approval for a Health Care Services and Shop, features a 2-level, modern building with the following key summary points:

- Site Coverage: 47.5%

- Total Gross Floor Area of 851.42m2*

- Total Net Lettable Area: 681m2*

- Designed to cater for 18 Tenancies, providing 17 Specialty Health Care Services Tenancies and 1 shop (neighbourhood store)

- Total Car Spaces: 35

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.