23 Main Street,
Varsity Lakes, QLD 4227

An exceptional opportunity to acquire a fully leased freehold office asset in the heart of Varsity Lakes on the Gold Coast — 23 Main St, Varsity Lakes QLD 4227.

This solid investment has been held and managed by the same family for the past decade and now offers new owners both stability and upside.
Key Details:
• Gross annual rental income currently sits around $790,898*pa reflecting a long‑established tenancy and cash flow history.
• Freehold title: full ownership of land and improvements means complete control and long‑term security.
• Superb location: Varsity Lakes ranks among the Gold Coast’s most desirable mixed business/residential precincts, offering excellent connectivity, amenity and lifestyle appeal. Seeing an upward trend of Median House price increasing, currently $1,318,504*
• Positioned on Main Street – Prime corner freehold with income now, potential to develop later . high visibility, corner block, good access and proximity to major transport links and lifestyle hubs. • Ownership legacy: the same family ownership for 10 years gives confidence in leasing stability and asset condition. Ideal for investors seeking secure income, a strategic acquisition in a growth corridor.
• Walkable amenity hub – cafes, lakes, Bond University, schools, and public transport Why this asset stands out: • In era of rising demand for well‑located office/freehold properties, this asset offers a rare freehold footprint of 3,000*m2 in a strong suburb. • With income already well‑established, there is potential to enhance value further through lease re‑negotiation, repositioning of tenancy mix.
• Under rented based on local market trends
• 1,500*m2 site with redevelopment potential
• Zoning permits up to 21*m building height – strong precedent in immediate surrounds
• Surging Varsity Lakes demand and increasing density create strong value growth prospects
• A recent land sale of 2,857*m2 in June 2025 for 22 Lake Street set at $8,000,000* shows the demand and strength in the area for development potential and value add land options. Only 50*% of 23 Main Street is built on. Giving investors some development upside. Land bank, income-hold, or start envisioning your vertical footprint — this is Varsity’s next cornerstone.

Contact Exclusive Agents Ryan & Marley.

*Denotes approximate. The information you are receiving has not been independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by the agents or business towards the recipient with regard to the use of this information and all information given is given without responsibility.