Introducing 88 West Burleigh Road, a unique property presented by RWC Gold Coast. This remarkable, commercially converted residence, situated on a generous 655sqm* parcel, combines vintage-inspired architecture with robust suspended slab construction, repurposed to promote a Health & Wellness ethos with approved GCCC use. Spanning 245sqm* of GFA, this standalone building offers a versatile investment potential, allowing for simultaneous occupancy and benefit from existing tenant income, while also benefiting from Medium Density Residential (RD2) zoning for potential future development (STCA).
Located in the esteemed Burleigh Heads postcode and home to ePilates and Holistic Minds Holistic Bodies, this property appeals to savvy investors and healthcare professionals alike. Whether you're seeking to capitalise on current market dynamics or establish your practice in a sought-after area, 88 West Burleigh Road offers a blend of investment potential and opportunity in a prime location.
Central location direct proximity to Stockland Burleigh Heads and Burleigh Home+Life (including Medical on Burleigh), whilst retaining access to popular lifestyle zones including James Street, Burleigh Heads National Park & Tallebudgera Creek as well as other key Healthcare, Commercial and surrounding residential suburbs; James Street Precinct 1.3km* Goodwin Terrace (Burleigh Heads National Park access) 1.7km* Tallebudgera Creek 2.4km* Reedy Creek Motorway (M1 access) 2.4km*
Key Features Include;
• Solid suspended slab construction 245sqm* GFA building + converted carport
• Large 655sqm* land parcel
• Unique income producing freehold with owner-occupier opportunity
• Meticulously converted carport offering additional fully-enclosed space for use
• Zoned Medium Density Residential with 'Heathcare & Indoor Recreation' Approval
• 6 dedicated onsite car parks
Current leases:
• ePilates: 1.91 years to expiry, occupying ground floor
• HMHB: 5.75 years to expiry, occupying partial first floor
• Peace Yoga periodic tenancy, occupying partial first floor
• Approximate combined gross income: $108,191.58* per annum
• Weighted average lease expiry (WALE): 3.85 years
To be sold by way of Expressions of Interest Closing Tuesday 4pm on 28th May 2024.
Please contact the exclusive agents to discuss 88 West Burleigh Road in further detail and arrange your time to view the premise.
*Approx.
Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.