13 Hicks Street IM

Information Memorandum 13 Hicks Street, Southport

PARADISE POINT 5501 4600 | SOUTHPORT 5531 0273 | MERMAID BEACH 5555 1600

www.amirprestige.com.au

Property Summary Address 13 Hicks Street, Southport

Legal Description Lot 5 on SP 128137

13 Hicks Street, Southport

Zoning Special purpose, Special development areas precinct.

Priority Development Area – Precinct 1

Local Authority Gold Coast City Council

Title Reference 50306695

Land Area 698sqm*

Car Parking 13 x basement car parks

Easements N/A

Building Area 407sqm* Ground floor 415sqm* Level 1 (including 71sqm* patio area) 822sqm* total area

Income Projected NET market rental of $275,000* per annum, exc GST Passing month-to-month Gross rental of $60,000* per annum, exc GST

Outgoings $54,550*

Agents

Adrian Smith Commercial Sales Agent 0403 565 757 adrian@amirprestige.com.au

Karen Pirie Sales Agent 040 777 2000 karen@amirprestige.com.au

Site and building description

13 Hicks Street, Southport

The subject property features a freestanding two level corporate office building constructed in circa 1985 with basement carparking for 13 cars. The building is constructed of reinforced rendered concrete block with reinforced concrete slabs to both levels and car park metal deck roof.

The parcel is a regular shaped block on a prominent corner position in the heart of Southport CBD with 30 meters frontage to Hicks street and 24 meters frontage to Davenport street.

There are no common easements or access easements on the site and is a freehold land and building asset.

Areas: 407sqm* Ground floor 415sqm* Level 1 (including 71sqm* patio area) 822sqm* total area

Tenancies: Part of ground floor - Australian Research Hub Pty Ltd (month to month) at $60,000 per annum gross

Location Overview The subject property is conveniently positioned within the Southport Central Business District (Gold Coast CBD) and is surrounded by predominantly legal and financial sector businesses which is bolstered by its close proximity to the Southport Court House which is within 200 meters.

The site is in easy walking distance local retail amenities, cafes, restaurants and services including the Gold Coast China Town precinct and the Nerang Street Rapid Transit Station.

The location is also easily accessed by major arterial road networks, with Smith Street Motorway accessible within two turns leading to the M1 Motorway 7.5kms away.

Council car parking facilities are abundant in the immediate area with ‘Mal Burke Car Park’ located directly opposite the subject property, which contains over 330 car spaces over two levels and offers all day parking.

The property is positioned in one the Gold Coast’s best CBD locations and will be undoubtedly benefit from surrounding developments and growth.

13 Hicks Street, Southport

Proximity to Major Landmarks: - Southport court house 170m* - Nerang Street Light Rail station 300m* - Southport China Town precinct 300m* - High street / Ferry Road arterial - Australia Fair Shopping Centre 500m* - Smith Street Motorway 750m* - Gold Coast University Hospital precinct 3.5kms* - M1 Motorway 7.5kms* - Gold Coast International Airport 35kms*

Town Planning

13 Hicks Street, Southport

Local area government: Gold Coast City Council

Applicable planning scheme: Southport Priority Development Area (PDA) Development Scheme (Precinct 1)

Description: The scheme will achieve the vision for Southport PDA by detailing the land use planning process and delivering infrastructure for future development and economic growth opportunities. It will deliver the growth and diversification of economic activity and services, and – expedite and simplify opportunities for small business – embrace and facilitate innovative land use and economic activity and promote variety in small business activity – allow flexible or temporary buildings – allow adaptive reuse and expansion of existing buildings – provide for large scale redevelopment opportunities.

Provide for a diverse range of urban lifestyle opportunities that contribute to an appealing and active urban experience, and – support a 24 hours a day, seven days a week economy by encouraging uses and activities that operate outside of standard business hours – increase opportunities for lifestyle, entertainment and recreation activities – activate public space – allow flexibility for temporary uses such as street activities and special events including entertainment, cultural and artistic performances.

Deliver and reinforce the PDA’s setting, place, public spaces and built form, and – define built form in its context to contribute to urban legibility and character – create an interesting, diverse and dramatic skyline – diversify and create unique urban character and experiences – leverage public transport/light rail experiences and opportunities.

– leverage venue and event infrastructure, public space and amenity improvements.

• Facilitate strategies for redevelopment – for complex or difficult sites and for improved economic development outcomes. *Information above was sourced from the Southport Priority Development Areas Development Scheme September 2014.

For a full overview of the scheme, please visit: https://www.goldcoast.qld.gov.au/documents/bf/pda-proposed-scheme.pdf

Block Dimensions

13 Hicks Street, Southport

Title Search & Lot Plan

13 Hicks Street, Southport

Floorplan

13 Hicks Street, Southport

Tenancy Schedule

13 Hicks Street, Southport

Outgoings

13 Hicks Street, Southport

Rates

13 Hicks Street, Southport

Sales Method

13 Hicks Street, Southport

Amir Prestige Property Agents have the exclusive pleasure of offering 2016 Gold Coast Highway for sale $3,500,000.00

Agents Adrian Smith Commercial Sales Agent 0403 565 757 adrian@amirprestige.com.au

Karen Pirie Sales Agent 040 777 2000 karen@amirprestige.com.au

Disclaimer

2016 Gold Coast Highway, Miami

This Information Memorandum is prepared by Amir Mian Prestige Property Agents.

Although every care has been taken in preparing the information contained herein, Prestige Property Agents does not verify its accuracy.

Information, options and forecasts in this proposal depend on the accuracy of the information and assumptions on which they are based, and on prevailing market conditions, for which Prestige Property Agents does not accept responsibility.

No representations or warranties of any nature whatsoever are given, intended or implied about this proposal, any information, opinions and forecasts contained within this Information Memorandum or the accuracy or enforceability of any documents referred to in this Information Memorandum.

This information contained herein is a guide only and does not constitute an offer or a contract. Intending purchasers are advised to carry out their own investigations as to the correctness of each description or reference.

Recipients of this Information Memorandum should rely solely on their own enquiries about its accuracy. All images are for illustrated purposes only. Buyer/s must do their own due diligence regarding drawings, floor plans, council approval and measurements etc. these have not been verified by Prestige Property Agents. All photographs with boundary lines are only an indicative indication.

Information contained with this document has been obtained through but not limited to; RPData, PriceFinder, Gold Coast Convention, Gold Coast Airport and Cold Coast Tourism.

Paradise Point

Southport

Mermaid Beach

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