21/47 Watts Drive

Varsity Lakes QLD 4227

The Property offers the following key attributes:
- Total Gross Floor Area: 574m* (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.