Telecommunications facility in Gold Coast leased to Vodafone up for auction

Telecommunications facility in Gold Coast leased to Vodafone up for auction
Telecommunications facility in Gold Coast leased to Vodafone up for auction

A telecommunications facility in the Gold Coast and leased to Vodafone is up for auction by Burgess Rawson on February 23 in Sydney.

The 15 Telford Place, Arundel property, just 7 km from the Southport CBD, is one of three Vodafone high-tech facilities in Queensland. 

The company has been occupying the property for 15 years and is on a renewed and secure 10-year net lease to June 2025 with the option to extend to 2035.

The site area measures 2,738 sqm with lettable area of 2,038 sqm.

The property makes a net income of $430,000 pa plus GST (increasing to $445,050 pa plus GST in June 2016). The annual increases are 3.5% until 2020 and 3.25% until 2024 and the tenant pays all outgoings, including Land Tax.

Gold Coast will host the 2018 Commonwealth Games and more than $13.5 billion in infrastructure projects are planned or underway.

The selling agents are Michael Collins and Dean Venturato.

Tags: 
Telcommunication

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