The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
25 DAYS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
25 DAYS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
SECURE YOUR SPOTDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherStaff WriterTue 09 Sep 14

Major Infrastructure Projects Increase Gold Coast Investor Activity

1

Largely triggered by the Commonwealth Games 2018, there is renewed activity and confidence across the board for investors in the Gold Coast market.

183 Varsity Parade, within a Delfin Lendlease master planned community in Varsity Lakes, is being offered as a fully leased investment opportunity.

This A-Grade commercial building is on the corner of the growing Varsity Lakes Precinct, within one of the major employer nodes earmarked for the Commonwealth Games 2018, and has 3,135 square metres of Net Lettable Area.

Knight Frank is marketing the sale of 183 Varsity Parade on behalf of Opus Capital Limited. Gold Coast Managing Director, Mark Witheriff believes that they are offering a “timely investment opportunity in an upswing market”.

“The Gold Coast market continues to grow in confidence, this is on the back of a number of Major infrastructure projects that are currently either underway or recently completed,” Mr Witheriff said.

“Major Projects including the recently completed Light Rail and the University Hospital, and other projects underpin this renewed business confidence currently taking place to support the Commonwealth Games in 2018.”

Knight Frank's Sales Executive, Tom O'Driscoll believes that the strategic location gives the asset a net passing income of approximately $866,926 and a 4.73 year WALE.

“This is one of the very few fully leased investments that has come to the market in recent times on the Gold Coast market and therefore should attract a broad range of investor interest,” Mr O'Driscoll said.

OtherInfrastructureAustraliaReal EstateSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy to the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
5 Min
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
View All >
ESR building ESR completes delisting
Industrial

ESR Reveals New Team After Hong Kong Delisting

Leon Della Bosca
The construction site which will one day become Newcastle Tallest Tower by Urban Property Group
Residential

Urban Property Group Reveals Newcastle Tallest Tower Plan

Renee McKeown
Bunnings Clyde North
Markets

Bunnings Sold On as Charter Hall Doubles Down on Retail

Leon Della Bosca
The property giant has paid $315 million for shopping centres in Melbourne and Sydney as its repositioning gains steam… …
LATEST
ESR building ESR completes delisting
Industrial

ESR Reveals New Team After Hong Kong Delisting

Leon Della Bosca
3 Min
The construction site which will one day become Newcastle Tallest Tower by Urban Property Group
Residential

Urban Property Group Reveals Newcastle Tallest Tower Plan

Renee McKeown
3 Min
Bunnings Clyde North
Markets

Bunnings Sold On as Charter Hall Doubles Down on Retail

Leon Della Bosca
2 Min
the four concept towers approved for sydney metro's parramatta precinct
Development

Rush of Approvals Sends Parramatta Skywards

Renee McKeown
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/major-infrastructure-projects-increase-gold-coast-investor-activity