Southport Travel Centre, 501 Olsen Ave, SOUTHPORT | Property for sale | Savills
1,868 sq m
Price on application

Southport Travel Centre501 Olsen Ave, SOUTHPORT

    Retail
    1,868 sq m

    Key features

    • Modern Travel & Convenience Retail Centre anchored by a Shell Coles Express Service Station plus KFC and Starbucks drive-through restaurants
    • 6.3 year* WALE (by income) underpinned by long term leases to Viva Energy (Shell) & Collins Foods to late 2032 + options
    • Attractive income growth via CPI and fixed annual rent reviews
    • 8,732sq m site with (4) buildings totalling 1,868sq m* GLAR
    • Strategic location near the Gold Coast University Hospital & Griffith University Campus 6.5km* from Surfers Paradise
    • Highly convenient position with excellent access via a 4-way signalized intersection
    • High traffic location with massive exposure to 46,000* vehicles daily (over 16*^ million* annually)
    • Strong depreciation benefits enhancing after tax returns (built new in 2017)
    • Net income $1,199,454* p.a. (fully leased estimate - forecast as at 16 November 2023)

    Shell Southport Travel Centre - Defensive Retail Investment in Booming Gold Coast University Hospital Precinct

    About this property

    • Shell Southport Travel Centre comprises a modern convenience-based retail and service centre anchored by a Shell Service Station (VIVA Energy) plus freestanding drive-thru KFC and Starbucks restaurants plus 7 retail tenancies including UBX Gym, Sushi, Hairdresser, Brazilian Butterfly, Burger’d and GOA Billboards with grade level parking for 71* vehicles on an expansive 8,732sqm site.

      Shell Southport Travel Centre is strategically positioned on Olsen Avenue near the Southport Nerang Road intersection, two of the Gold Coast’s busiest major arterial roads. The Centre features enormous exposure to over 46,000*^ vehicles daily (over 16*^ million annually) with excellent access via a 4-way signalized intersection directly in front of the complex.

      For sale by Private Negotiation.

      *Approx. | ^Source: TMR

    Available space

    LevelTenancySale TypePriceAreaSqmStatus
    n aExpression of Interest1868.00sq mAvailable