90 Ashmore Road

Bundall QLD 4217

COMPRISING A HUGE WATERFRONT LAND AREA OF 974SQM AND A LARGE BRICK AND TILE RESIDENTIAL/COMMERCIAL BUILDING OF APPROXIMATELY 275 SQM CURRENTLY CONFIGURED WITH FULL KITCHEN, DINING, LOUNGE, 2 BATHROOMS AND 3-4 BEDROOMS PLUS A LARGE AREA USED AS A PROFESSIONAL OFFICE. AN INGROUND SWIMMING POOL AND DRIVEWAY PARKING ARE ALSO AVAILABLE.
THE IMPROVEMENTS CAN BE SUBSTANTIALLY UPGRADED TO PROVIDE A MUCH LARGER COMMERCIAL USE AREA OR MAYBE REDEVELOPED COMPLETELY TO PROVIDE A COMMERCIAL AREA OF OVER 500 SQM (NLA) WITH COUNCIL APPROVAL.
90 ASHMORE ROAD OCCUPIES A PROMINENT CORNER POSITION WITH VERY HIGH EXPOSURE AND IS WITHIN THE PREMIER GOLD COAST HOMEMAKER PRECINCT. THE FOLLOWING REPRESENTS A SMALL SELECTION OF BOTH OWNERS AND LONG TERM TENANTS AT BUNDALL:- HARVEY NORMAN, DOMAINE SAMSARA SNOOZE, MITRE 10, SUPER-A-MART, NATIONAL AUSTRALIA BANK, RETRO-VISION, RANK XEROX FORTY WINKS, WESTPAC, AUTOBARN, QUEENSLAND TRANSPORT, GOLD COAST TURF CLUB, JB HI FI ETC ETC.
ASHMORE ROAD IS A MAJOR ARTERIAL ROAD (ONE OF THE BUSIEST ON THE GOLD COAST) PROVIDING VEHICULAR TRAFFIC FLOW FROM SURFERS PARADISE CBD AND BEACHES (JUST 5 MINUTES AWAY) TO THE RESIDENTIAL SUBURBS OF BUNDALL, ASHMORE, BENOWA, BENOWA WATERS AND ON TO NERANG.
CURRENT PROFESSIONAL OFFICES ADJACENT TO 90 ASHMORE ROAD COMPRISE A MIX OF PROFESSIONALS INCLUDING (DOCTORS, OTHER MEDICAL SPECIALISTS, INTERIOR DESIGN, DEVELOPERS, ARCHITECTS, SOLICITORS, FINANCIERS, ART STUDIOS, STUDENT EDUCATION, BEAUTY THERAPIES, DENTISTS, VETS AND OTHER VARIED BUSINESSES.
THE EXISTING IMPROVEMENTS ARE IN GOOD SERVICEABLE CONDITION HOWEVER BY INCREASING THE PROFESSIONAL/OFFICE USE AREA AND RENOVATION A MUCH HIGHER RENTAL RETURN WOULD RESULT. ALTERNATIVELY TOTAL REDEVELOPMENT INTO A MODERN 2 LEVEL PROFESSIONAL OFFICE BUILDING WITH APPROPRIATE CAR PARKING ETC. ON SITE (SUBJECT TO GOLD COAST CITY COUNCIL APPROVALS). WOULD PROVE THE HIGHEST AND MOST PROFITABLE OUTCOME.
RECOMMENDATION:
THIS IS ONE OF THE BEST INVESTMENT OPPORTUNITIES AVAILABLE ON THE GOLD COAST FOR UNDER $1 MILLION. FOR THE OWNER OCCUPIER IT OFFERS AN ESCAPE FROM THE RENTAL ROUNDABOUT PLUS YOU CAN REDEVELOP WHENEVER YOUR BUSINESS REQUIRES. FOR THE INVESTOR THERE’S THE POTENTIAL FOR 3 LEVELS OF INCOME GENERATION (DEPENDANT UPON WHETHER THE PROPERTY IS UPGRADED OR TOTALLY REDEVELOPED), PLUS SOUND CAPITAL GROWTH EXPECTATION.
BUY NOW – PROFIT LATER
SOME VENDOR FINANCING AVAILABLE * TO APPROVED PURCHASER
CALL BOB RODGER TODAY ON 0401 349 244