52 Frank Street, Labrador offers a great opportunity to secure a prime investment occupying a prime corner position in a highly exposed location. Located just a short walk from the water (approx 200m), restaurants, waterfront parks, amenities, cafes, boutique shops and an array of public transport.
Currently rented for $1,000 + GST per week as a commercial boat dealership for a 3-year lease ending 2026 with 3-year option.
Opportunities are endless as this property is zoned as medium-density residential, take your pick of residential or commercial development.
Previously used as a car dealership, this property offers a great opportunity for businesses looking to grow by taking advantage of this high exposure position within Gold Coast. Residential developers could create a lucrative return from this site (STCA).
Key Asset Characteristics:
- Currently rented for $1,000 + GST per week as a commercial boat dealership for a 3-year lease ending 2026 with 3-year option.
- High main-road exposure (be seen by approx 40,000 cars daily)
- Medium residential zoning (approved for commercial use)
- Exceptional investment opportunity
- Steps away from Gold Coast shorelines
- Transport-rich location with direct access to bus, rail and trams
- Fully Fenced 436m2 parcel (fit approx 20 cars behind enclosed gates)
- Keypad access electric security Gate
- Brand New Flood Lights, light Box Signage
- Full Security System Throughout the Premises
- 2x Split System Air-conditioning In Showroom & Office
- Kitchenette With Sink & Stove Top, x1 bathroom
- Sound System Installed Throughout Internal/External
- Lockable Side Access with Colourbond Roofing
- Blank Canvas for Signage
- Lock up garage/workshop
Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, NGU REAL ESTATE will not be held liable for any errors in typing or information. All information is considered correct at the time of display.
The size of Labrador is approximately 5 square kilometres. It has 19 parks covering nearly 14.6% of total area. The population of Labrador in 2011 was 16,401 people. By 2016 the population was 18,277 showing a population growth of 11.4% in the area during that time. The predominant age group in Labrador is 20-29 years. Households in Labrador are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Labrador work in a professional occupation. In 2011, 46.2% of the homes in Labrador were owner-occupied compared with 45.1% in 2016.
Labrador has 11,847 properties. Over the last 5 years, Houses in Labrador have seen a 107.49% increase in median value, while Units have seen a 102.17% increase. As at 31 October 2024:
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