![CBRE - Gold Coast](https://i1.au.reastatic.net/170x46-fit/1009722fc9a50821dfca119e68a3aed99daa5e5a141def23f286731b67d93d61/large_commercial.jpg)
Market Square, 201 Varsity Parade,
Varsity Lakes, QLD 4227
Shops & Retail
Price information
Sale - Expression of Interest closing Wed 19 Jun
Sale by EOI closing 19 June 2024
Key property information
Land area
Floor area
Car spaces
Tenure type
Tenanted Investment Details
Occupancy
Partially Leased
Est. Incomep.a.
$949,639
Number of Tenants
20 Tenants
Tenants / Type
IGA, Subway, Australia Post, Pita Pit
Expression of Interest
Private inspections
to arrange a private inspection.
CBRE - Gold Coast
Level 18, 50 Cavill AvenueSURFERS PARADISE, QLD 4217
![CBRE - Gold Coast](https://i1.au.reastatic.net/170x46-fit/1009722fc9a50821dfca119e68a3aed99daa5e5a141def23f286731b67d93d61/large_commercial.jpg)
Market Square, 201 Varsity Parade
Varsity Lakes, QLD 4227
Map of Market Square, 201 Varsity Parade
Train stations within 5 km of Market Square, 201 Varsity Parade, Varsity Lakes, QLD 4227 Distance Varsity Lakes Station 2.5 km Robina Station 3.7 km POWERED BY HERE ©Bus stops within 5 km of Market Square, 201 Varsity Parade, Varsity Lakes, QLD 4227 Distance Varsity Pde at Assembly Drive 198 m Lake St Near Central Park Dr 317 m Varsity Pde Near Main St 551 m Christine Ave at Pennsylvania Avenue 587 m Christine Ave Near Vanderbilt Ct 616 m POWERED BY HERE ©
POWERED BY HERE ©
IGA ANCHORED RETAIL INVESTMENT IN THE HEART OF VARSITY LAKES
- 1,836 sqm retail centre anchored by IGA
- Established Varsity Lakes location
- High growth & secure income profile
CBRE in conjunction with Raine and Horne Commercial are pleased to present to the market, Market Square - an 1,836 square metre volumetric titled ground floor convenience centre strategically located in the heart of the Varsity Lakes business district with a diverse income stream and strong national tenants.
Varsity Lakes is conveniently located approximately 11km from Surfers Paradise and less than a 7-minute drive to Burleigh Beach. Accessibility and convenience is at the forefront given the 122 parking bays and its proximity to Bond University, the M1 Motorway, Robina Train Station and bus routes.
• $949,639 fully-leased net income per annum.
• 6,236 sqm site area (parent parcel).
• 1,836 sqm of lettable area.
• Anchored by an IGA supermarket until December 2028 with two further five-year option periods, representing 22% of the total GLA.
• Diverse specialty income profile including national retailers such as Australia Post, Cellarbrations, Subway and Pita Pit.
• High growth annual reviews ranging from 3.0% to 5.0% and CPI.
• Convenient access and signage along Varsity Parade, with 122 on-grade and basement car bays.
The property is for sale by Expressions of Interest closing on Wednesday, 19th June 2024 at 4:00pm.
For more information and access to the data room please contact the exclusive agents.
(All measurements, areas, numbers are approximate only)
Varsity Lakes is conveniently located approximately 11km from Surfers Paradise and less than a 7-minute drive to Burleigh Beach. Accessibility and convenience is at the forefront given the 122 parking bays and its proximity to Bond University, the M1 Motorway, Robina Train Station and bus routes.
• $949,639 fully-leased net income per annum.
• 6,236 sqm site area (parent parcel).
• 1,836 sqm of lettable area.
• Anchored by an IGA supermarket until December 2028 with two further five-year option periods, representing 22% of the total GLA.
• Diverse specialty income profile including national retailers such as Australia Post, Cellarbrations, Subway and Pita Pit.
• High growth annual reviews ranging from 3.0% to 5.0% and CPI.
• Convenient access and signage along Varsity Parade, with 122 on-grade and basement car bays.
The property is for sale by Expressions of Interest closing on Wednesday, 19th June 2024 at 4:00pm.
For more information and access to the data room please contact the exclusive agents.
(All measurements, areas, numbers are approximate only)
Property ID: 504599176Last Updated: 23 May 2024
CBRE - Gold CoastLevel 18, 50 Cavill Avenue
SURFERS PARADISE, QLD 4217
SURFERS PARADISE, QLD 4217
CBRE - BrisbaneWaterfront Place Level 3, 1 Eagle Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
Raine & Horne Commercial - Gold CoastLevel 4, 64 Ferny Avenue
SURFERS PARADISE, QLD 4217
SURFERS PARADISE, QLD 4217
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