Loads of potential at two properties
Proposed Coomera Town Centre Coomera Railway Station TAFE Queensland Coomera Rivers State School Coomera East Shopping Centre
Childcare Centre Stockland Foreshore Coomera GOLD Coast investors are cutting ties with two warehouses at Ashmore after decades of ownership.
The tenanted properties, at 4 and 6 Commercial Drive, offer a net lettable area of 1453sq m spread across the two buildings.
Tenants include Croft Steel, Quack’R Duck, Australian Hardwood Stake Company and Tasklake Pty Ltd Joinery.
All tenants are on monthto-month leases and the property returns a net annual income of $153,428 fully leased.
Colliers International’s Marlon Crawford, who is marketing the properties with colleague Pat Cavanagh, said he expected strong interest from local investors and owneroccupiers.
He said there was redevelopment potential due to the large size of the two blocks, which offer 2770sq m combined.
“There is also the option to strata-title 4 Commercial Drive to go with 6 Commercial Drive, which is on three titles,” he said.
The property owners are James and Marion McFarlane who bought No.6 in 1995 and No.4 in 1999 through a superannuation fund.
An auction will be held at Colliers International’s Surfers Paradise office at 11am on September 27.