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EXPANSIVE COMMERCIAL COMPLEX WITH HUGE UPSIDE POTENTIAL
Auction at 2pm on 15/02/2023 On-site
Centrally positioned in Springwood, with excellent accessibility and exposure for attracting clients and advertising, sits this large commercial office complex. Occupying a massive 733sqm level block, with over 24m frontage, the property is currently operating as a successful specialist practice. Returns are high with a projected income of up to $900,000 per annum in current format, which includes:
- Wide entry into significant forecourt offering accessible off-street visitor and staff parking
- Approximately 208sqm building size, brick and tile construct
- Welcoming reception and waiting room
- Back of house office / storage room with kitchen facility
- Customer amenities with three toilets and disabled bathroom
- Two distinct and identical meeting rooms either end
- Four additional separate office spaces
- Extra lounge for customers or another office
- Back covered courtyard area
- Air conditioning, security screens, commercial flooring
- Disable toilets facilities
Mixed use zoning over this block allows incoming owners to upgrade existing building or redevelop the site and construct up to 8 levels combining commercial retail space for and permanent residences above (STCA). The large site, with this level of flexibility in design outcomes, lends itself to incredible returns on investment for an astute developer.
This site sits in within walking distance of the Springwood Mall which is currently undergoing a $16 million expansion to include new dining precinct, upgraded Woolworths, better carparking and an internal and external facelift to revitalise the centre. A host of localised developments and infrastructure projects to support and better the community have been a part of the Logan City Council's masterplan for the region and many projects like Vanessa Boulevard upgrade to streetscape have been completed. Other projects set to benefit the public, enhance the environment and provide better connectivity to the area have already been completed or are underway including the $750 million investment into widening of the M4, the V1 Veloway underpass and the extension of the south east busway.
Within close vicinity there are several commercial centres with many established and popular business hubs operating along with the immediate neighbouring businesses being fully operational. Being central to all this offers great exposure for attracting passing trade. In addition, the local area has several major shopping centres nearby (Springwood Mall, Arndale Shopping Centre), along with bus stops on the doorstep and access to M1 and main arterial roads.
A truly exceptional property that delivers strong returns in its current formal and offers outstanding future development potential in a flourishing commercial region.
**All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries**
Centrally positioned in Springwood, with excellent accessibility and exposure for attracting clients and advertising, sits this large commercial office complex. Occupying a massive 733sqm level block, with over 24m frontage, the property is currently operating as a successful specialist practice. Returns are high with a projected income of up to $900,000 per annum in current format, which includes:
- Wide entry into significant forecourt offering accessible off-street visitor and staff parking
- Approximately 208sqm building size, brick and tile construct
- Welcoming reception and waiting room
- Back of house office / storage room with kitchen facility
- Customer amenities with three toilets and disabled bathroom
- Two distinct and identical meeting rooms either end
- Four additional separate office spaces
- Extra lounge for customers or another office
- Back covered courtyard area
- Air conditioning, security screens, commercial flooring
- Disable toilets facilities
Mixed use zoning over this block allows incoming owners to upgrade existing building or redevelop the site and construct up to 8 levels combining commercial retail space for and permanent residences above (STCA). The large site, with this level of flexibility in design outcomes, lends itself to incredible returns on investment for an astute developer.
This site sits in within walking distance of the Springwood Mall which is currently undergoing a $16 million expansion to include new dining precinct, upgraded Woolworths, better carparking and an internal and external facelift to revitalise the centre. A host of localised developments and infrastructure projects to support and better the community have been a part of the Logan City Council's masterplan for the region and many projects like Vanessa Boulevard upgrade to streetscape have been completed. Other projects set to benefit the public, enhance the environment and provide better connectivity to the area have already been completed or are underway including the $750 million investment into widening of the M4, the V1 Veloway underpass and the extension of the south east busway.
Within close vicinity there are several commercial centres with many established and popular business hubs operating along with the immediate neighbouring businesses being fully operational. Being central to all this offers great exposure for attracting passing trade. In addition, the local area has several major shopping centres nearby (Springwood Mall, Arndale Shopping Centre), along with bus stops on the doorstep and access to M1 and main arterial roads.
A truly exceptional property that delivers strong returns in its current formal and offers outstanding future development potential in a flourishing commercial region.
**All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries**