Tenanted office building in Gold Coast snapped up for $4.8 million

Tenanted office building in Gold Coast snapped up for $4.8 million
Tenanted office building in Gold Coast snapped up for $4.8 million

A largely tenanted office building in the Gold Coast suburb of Bundall recently sold for $4.8 million.

The office at 91 Upton Street has a good mix of tenants on various leases, according to the property’s description.

The freehold property, which is leased almost 90 percent, earns a net income of $338,742.41 p.a. plus GST and has the potential to earn $392,742.41* p.a once fully let out.

The building has a net lettable area of 1,555 sqm and was recently upgraded.

The selling agent was Michael Willems of Ray White Commercial.

Tags: 
Gold Coast Office Market

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