• Sale
  • Industrial/Warehouse

For Sale or For Lease

60

103 Olsen Avenue LABRADOR Queensland 4215

Last Update: 168 days ago

High Exposure - For Sale or For Lease

* Building 600m2 approx. includes: 4 internal Wash Bays with drainage to in ground tank & water recycling system.
Bays are approx. 7m x7m. Ideal for vehicle cleaning/washing/maintenance etc. Large dust proof detailing room. Office/work areas, Kitchen area, Two Toilets. plus 90m2 outside Covered Deck area – ideal for coffee shop etc.
* 6500m2 of security fenced area
* Over 70mts of road frontage on busy Olsen Avenue, with approx. 35,000 vehicles a day.
* Up to 60 cars car park
* Potential development site on main road
* Suitable for aged care, car yard, child care and a lot more
* Total land size 15,500m2
* Close to Harbour Town Shopping Centre
* Near Gold Coast University Hospital
* Public transport across the road

Monthly rent including outgoings for:

Whole: Buildings & all outside hardstand area $15,800 +gst plus, negotiable;

Alternative rent part only i.e.
1. Buildings & Covered in Deck only: $9,250 + gst plus;
2. Rear fence yard hard stand 2387m2: $3,400 + gst plus;
3. Front hard stand display area 1836m2 plus: $3,840 + gst plus;

Lease period: 2 year lease,
Bond 3 months but negotiable pend references and guarantee’s
Cost of Lease preparation 50/50
Rent includes out goings (Land Tax & Rates) tenant takes care of services they use and basic maintenance.

FOR SALE - TWO OPTIONS:

Option 1:
Sale Price $5,998,000- plus GST if applicable subject to the following conditions:
Prior to vendor’s solicitors drawing up a Sale Contract Purchaser to pay deposit to vendors solicitors to cover vendor’s legal cost.
Non-Refundable Deposit:
$9,000- prior to vendor’s Solicitors preparing Sale’s Contract
Sale Contract
Due Diligent 45 Days
Following Due Diligent period Deposit: 7% - paid and released to vendors
Settlement 45 days from acceptance of due diligent
N.B. The Vendors have or may enter into Lease agreement/s to Lease over part of the property – of which the Purchaser will be required to enter in to an Assignment of the Lease/s

Option 2:
Sale Price $6,950,000- plus GST if applicable subject to the following conditions:
Vendor enters into an undertaking not to enter into a Sale’s Contract for duration of Investigative Period, (MOU).
Investigative Period: 45 calendar days.
Following Investigative Period if potential Purchaser wants to proceed to entre in to a Sale Contract then non-refundable deposit required to cover vendor’s legal cost of preparing Sale Contract, prior.
Non-refundable Deposit:
$9,000- prior to vendor’s Solicitors preparing Sale’s Contract
Sale Contract:
Due Diligent maximum 9 months – subject to Milestones (below)
Subject to Development Application approval.
Deposit: 2% at signing of Sale’s Contract (to be held by vendors Solicitor)
Settlement 45 days from which comes first Purchases acceptance of Due Diligent or 9 months from executing Sales Contract –
Further non-refundable deposit of 8% is paid & released to Vendor along with the 2% (being held in trust by vendors solicitors) at acceptance of Due Diligent by purchaser or 9 months from executing Sales Contract which ever comes first.
N.B. The Vendors have or may enter into Lease agreement/s to Lease over part of the property – of which the Purchaser will be required to enter in to an Assignment of the Lease/
N.B. the adjoining councils property (1/RP230316) ( area:1065mt2)) was trade to G.C.C.C. in exchange that council will count it 100% towards park contribution (green space) requirements during development of 103 Olsen avenue - the value of this is approx. $0.6mil. to a developer.

Milestones:

Purchaser’s Milestones:
1st Milestone: within 60 calendar days of executing Sales Contract: Supply Vendor with copy of Concept Drawings;
2nd Milestone: within 90 calendar days of executing Sales Contract: Attend pre-lodgement meeting with GCCC, Vendor to be invited;
3rd Milestone: within 120 calendar days of executing Sales Contract: lodge Development Application with GCCC;
4th Milestone: within 150 calendar days of executing Sales Contract: re-lodge Amended Development Application with GCCC;
Subject to Vendors Solicitors approval.

Further Options

Property Type:Industrial/Warehouse

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LJ Hooker Burleigh Heads

11/2 Executive Drive Burleigh Waters Queensland 4220

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