SOLD
Sold on 23 Sep 2023 for $6,600,000

97 Brisbane Road
Biggera Waters QLD 4216

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 3532m2
Land area: 4365m2
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Sold By
Steven King
Colliers International - Gold Coast
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Property Details for 97 Brisbane Rd, Biggera Waters

Building Type
Commercial
Floor Size
3532m2
Land Size
4365m2
Local Government
Gold Coast City
Lot/Plan
2/RP892940

Last Listing description (October 2023)

Colliers are pleased to present 97-99 Brisbane Road, Biggera Waters for sale. Fully leased to the Commonwealth of Australia on a new lease term extension.

Key property attributes:

- Long term leased to the Commonwealth of Australia (Centrelink & Medicare)

- New 3 year lease extension commenced 1st July 2023 with 3 year option
- $484,038 p.a* net income (after company land tax)
- 1,532m net lettable area
- 4,365m land area
- Ample onsite parking for 45 vehicles*
- Prominently positioned within a thriving precinct
- Great exposure to Brisbane Road, within very close proximity of Harbour Town Shopping Centre
- Easily managed, single tenanted premium investment secured by a top tier Government lease covenant
- An important and strategic Centrelink office location that supports the northern central Gold Coast precincts.
- Zoned "Mixed Use, Fringe Business Precinct"
- 5.5 Star NABERS Energy Rating

The Gold Coast currently boasts one of the lowest office vacancy rates in Australia (currently sitting at a record low 6% vacancy). Investors will benefit from strong forecasted future rental growth, as a result of declining vacancy levels and current construction cost restraints limiting new supply.

*Aproximately
~Outlines indicative only.

For more information please contact exclusive agent:

Steven King
0417 789 599

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Property History for 97 Brisbane Rd, Biggera Waters, QLD 4216

A timeline of how this property has performed in the market
Last Sold
$6,600,000
23 Sep 2023
  • 23 Sep 2023
    Sold for $6,600,000
  • 27 Jul 2023
    Listed for Sale Seeking interest above $7 million
  • 18 May 2012
    Sold for $4,400,000
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About Biggera Waters 4216

The size of Biggera Waters is approximately 3.2 square kilometres. It has 8 parks covering nearly 2.3% of total area. The population of Biggera Waters in 2011 was 6,338 people. By 2016 the population was 8,551 showing a population growth of 34.9% in the area during that time. The predominant age group in Biggera Waters is 20-29 years. Households in Biggera Waters are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Biggera Waters work in a professional occupation. In 2011, 47.5% of the homes in Biggera Waters were owner-occupied compared with 43.9% in 2016.

Biggera Waters has 6,080 properties.

    There are currently 78 properties listed for sale, and 29 properties listed for rent in Biggera waters on OnTheHouse. According to CoreLogic's data, 404 properties were sold in the past 12 months in Biggera waters.

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