Author Archive for Kris Racette

Shop 13 1-9 Lindfield Road, Helensvale QLD 4212

Secure this retail shop quickly as this centre is set for growth with new owners and some big opportunity. Next door Kiwi Fish and Chips derives constant traffic flow as does ever popular Our Family Barber. We are soon to add a very busy local Chiropractic Office with 15 years service to the community and now moving to the centre. “Helensvale Convenience Centre” will finally re-earn its place amongst locals as the pivotal shopping centre. Make this the location of your new business, expansion, or relocation.

The shop was previously, sometime ago admittedly, a hobby shop for toy cars I believe. But there is nothing childish about this opportunity. The shop is presently divided into 3 separate rooms, with larger central reception area, middle room, and back office type area with privacy glass. Separate break room with back door and access to the rear courtyard. Your fit out might be quite different and the essentials are that it has 43 square metres total, and Air Conditioning unit (unknown if functioning), dual access and significant Discovery Drive street frontage. Don’t worry about the yellow walls, we are happy to throw in a tin of paint as a letting incentive!

The centre has 2 separate toilet blocks, 56 parking spaces, and a mix of tenancies including convenience store, barber shop, fish and chips, Italian restaurant, real estate, mortgage broker, and pool shop. Total lettable area on offer with this tenancy of 43 square metres.

• 43 square metres total lettable area
• 3 offices off of one central reception
• Dual access front and back plus 6 metres of shop frontage
• No grease trap / not suitable for food
• Neighbourhood centre with 14 tenancies in total
• 56 parking spaces, 2 common toilets, security

Contact the agent with any questions or to arrange a site inspection.

8 Pacific Avenue, Miami QLD 4220

Imagine the opportunity for the future of basing your business on this 387 m2 site 600 metres as the crow flyes to the Gold Coast’s beaches! At the absolute mid-point of Australia’s glitter strip and soon to be a burgeoning focal point of commerce the intersection of Pacific Avenue and the Gold Coast highway will likely become one of the Gold Coast’s pivotal cross roads. Here we see the arrival of the light rail stage 3 with three stations, Nobby Beach, Miami North and Miami within 500 metres. A prominent service station sits directly adjacent to the subject property with significant undeveloped hardstand and without hindering the visibility of potential street signage on the site.

If city life is loosing its luster, the traffic, lack of parking, competition, the rat race, why not relocate? And what better way to relocate a distribution / wholesaling / showroom than into this site with 188 square metres of office space and additional 176 square metres of storage PLUS 72 square metre tandem undercover parking garage.

The property itself has been well kept and significantly developed to A grade office space – though there are a number of possible configurations to suit your specific application. The premium upper level has tasteful wood floors and an outlook across Miami and Magic Mountain to be the envy of the most towering of corporate offices. It has been substantially fitted with boardroom, 4 separate enclosed offices, ducted air conditioning and a wrap around balcony to soak in the views and some welcome respite. The back office has filing room, kitchenette and male and female washrooms. The total lettable area of this level is 188 square metres without taking into account the separate stairway to street access. The downstairs area comprises 131m2 of further finished area including a boardroom, 2 separate large tiled floor areas both air conditioned, near new full bathroom with shower, separate toilet, storage closet and kitchenette. The rear portion of the site has a 45m2 unfinished storage area as well as undercover parking that can accommodate 5 vehicles parked in tandem.

The two levels have separate electricity metres and a common illuminated street sign and solar 6′ high security gate. The roof space has yet been undeveloped but not only is improvement upwards a possibility, in the short term there is opportunity to provide billboard advertising and solar power.

With so much being spoken in the media about Queensland’s growth, why not make the choice and bring your business here now! You can still back the blues, we love the competition!

1-9 Lindfield Road, Helensvale QLD 4212

1126 square metres of lettable area spread across 15 tenancies. All secured under one title on a significant land offering totalling 4782 square metres. The development was completed circa 1984 and comprises four buildings, one of which is two level. It is of a functional design and there is an additional ground lease for a communication tower. There is adequate on-site bitumen sealed carparking and good access provided via three entry points, off Discovery Drive and Lindfield Road with the land use classification of “Local Business” domain.
Of the 15 shops a notable vacancy has been created following the closure of the majority of restaurant businesses from the complex. This has left 8 vacant tenancies and the landlord is currently working hard with its managing agent at re-tenanting the centre towards capacity. This has created an opportunity for a changing of the guard or redevelopment by a suitably targeted incoming owner. The income nevertheless remains at an attractive $214,882 per annum plus some $60,297 outgoings recovered (2019-2020 FY audited). Fully tenanted the complex proposes a total income of $475,000 or greater.
While this complex is not for the faint hearted the upside potential is such that a measured investor can realise a substantial windfall gain through any number of possible strategies. As the listing agent towards this sale our realisation is that the complex is to be sold with our office as exclusive agent and our hard working, experienced team are available to guide your investment realisation through the purchase phase and hopefully on to future success. We welcome inquiries and have further information at the ready to provide you the necessary resources to make an informed decision. We look forward to receiving your inquiry.

• Central Gold Coast “Local Business” domain zoning
• Large land offering across 5 blocks and 4782 square metres
• Built size of 1126 lettable area in fair condition
• 15 tenancies 7 active returning $215,000 annually
• Projected fully capitalised income of $475,000
• Motivated overseas vendor selling via expression of interest offers

Tenancy Overview

Helensvale Convenience Centre is a well established community retail hub. The council classification “Local Business” domain has the stated purpose to ensure that local business centres provide opportunities for local community interaction and a sense of place and identity. It seeks to provide for a wide variety of activities including retailing, office uses, personal services entertainment and recreational activities, without changing the function or the predominant local service orientation of the business centre.
The existing tenancy mix of the complex reflects upon the needs of the local community. The majority of tenants have had existing leases in place prior to the present incarnation of the lease term. The Pool Centre for example has been in operation since at lease the 1st of October 2007 that our records have uncovered. The hairdresser and real estate office have occupied the site since at least 2008. Monetary rental rates between tenants within the Helensvale Convenience Centre varies principally due to differences in exposure attributes and also different types of tenants have varying capacity as to the level of rental they can afford depending upon there business activity. For instance, the butcher pays a rent that is higher than the asking rate for the current vacant space.
We have endeavoured to provide rental evidence of similar shopping centres located in residential areas that caters to the shopping needs of the local residents. The rental evidence suggests that shop units with direct or setback road frontage exposure are likely to command rental rates from $340 to $410 psmpa gross. The real estate office, hair salon and Family Barber are inline with this level and consequently have been used as the base for ascertaining the fair rent for other tenancies. Food outlets have been hard hit by the COVID-19 pandamic and many have closed there doors. We believe it will be a process for these premises to be reoccupied and believe a conservative starting point would be $300 psmpa in order to attract suitably capable and experienced operators to begin trading as the economy recovers.
The prime tenancies in the complex together with the real estate office; notwithstanding, based on the current rates for the shops on Lindfield side, we have applied a rental rate of $315 net of outgoings as the current rental expectations would seem to have contributed to the state of vacancies. Re-tenanting the property to 100% capacity, while a challenging task is certainly not unattainable for an experienced, professional and tenacious property manager if coupled with a progressive owner with a long term view for the complex.
The rental evidence also demonstrates that the small convenient stores in similar complex have leased for between $284 and $324 psmpa gross and the rental rate of Spar Express at $315 should be attractive enough we hope to draw a major operator. The rental evidence for medical related premises in local shopping centres supports a rate psmpa between $407 and $492. The rate depends on the size of the premises which in turn relates to the number of consulting rooms and the number of practitioners allowed. Furthermore it is more difficult to find another doctor to practice due to existing centres at 107 Mildura Drive, Sir John Overall Drive and in Westfield Helensvale providing strong competition. A redevelopment of the site towards a specialist centre could result in rates of $400 psmpa gross and above.
We trust this document and our discussion can be of assistance in your considerations towards the purchase of this wonderful complex.

1/2291 Gold Coast Highway, MERMAID BEACH QLD 4218

Very neat and tidy 1 bedroom apartment. With open living and kitchen area. Lots of bench and cupboard space, and air conditioning in the lounge. Large bedroom with built in wardrobes and wall mounted fan. Combined bathroom and laundry and separate toilet. Private outdoor courtyard. Set well back from the highway with minimal street noise and a feeling of serenity in a small and friendly block.

• Affordable 1 bedroom apartment
• Spacious open plan living and kitchen
• Tidy bathroom and internal laundry
• Private outdoor sitting area with clothes line
• Parking for 1 vehicle
• Small friendly block

For all inquiries and to register for an inspection click on the “Request an Inspection Time” button above. You can also make inquiries using the “Contact Agent” link above and completing your details. Please note we do not accept 1 form applications. Please contact our office for a rental application.

TO INSPECT THE PROPERTY click on the “Book an Inspection Time” button above. You must be registered for inspections to be informed of any updates, changes, or cancellations for your appointment. We try and make inspection times as flexible as possible but in the case of properties that are still tenanted we will be restricted in the frequency with which we can show the property. You can also make inquiries using the “Contact Agent” link above and completing your details. Please note we do not accept 1 form applications. A rental application will be sent to you when you register for an inspection.

Surfers Paradise unit owner

Thank you team. 3rd year now as my Property Managers. I am so grateful I never have to worry and my unit is in such safe hands.

301/65 Garfield Street, SURFERS PARADISE QLD 4217

Fully renovated two bedroom apartment in beachfront complex with LED design lighting, electronic blinds, surround sound and partly furnished

Wake up to ocean views every day in this fully renovated and beautifully renovated two bedroom beachside apartment. Includes fridge, front loader washing machine and dryer, queen bed ensemble, leather lounge setting, five seater dining table and coffee table. Enjoy a convenient lifestyle situated between Surfers Paradise and Broadbeach.

• Tiled living and kitchen areas
• Caesar stone bench tops flowing seamlessly to wooden dining table
• Great chefs kitchen with ample storage
• Electric Cooking, fridge and dishwasher
• Electric blinds and LED design lighting plus surround sound installation
• Custom made living room wall cabinets
• 2 bedrooms with built ins, one with balcony
• Reverse cycle air conditioner in master bedroom
• Combined bathroom and laundry
• Separate toilet
• Basement security parking and Storage room
• Lift access to your floor
• Pool, direct access to beach

Walk to Shops, cafes, public transport and tram, 5 minutes to Pacific Fair Shopping Centre and Broadbeach CBD. 20 minutes to Robina Town Centre and Train Station. Sorry no pets allowed. In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

165 Government Road, LABRADOR QLD 4215

This 4 bedroom house with 2 living areas offers convenience and affordability. Well set out with ample space to enjoy. The main living area has split system air conditioning. Second living area would provide a perfect space for a rumpus room, home gym, or office. Plenty of space in the kitchen and meals area with modern kitchen. 3 reasonable sized bedrooms all with built-ins and bathroom and seperate toilet. 4th bedroom is in a lower part of the house offering privacy from the rest of the house with its own bathroom adjacent. The lawn and outdoor area are large enough. Being fully fenced this would suit a pet. There is also a shed to store garden maintenance equipment or personal items. Front of the house features a large circular driveway and fence for privacy. This property is very well located just minutes from southport, and the M1.

• 4 bedroom split level home
• 3 bedrooms around central hallway
• Main bathroom for 3 bedrooms
• Lower level 4th bedroom with ensuite / second bathroom
• Airconditioning to lounge
• Garage converted to rumpus room or home office
• Gated circular driveway

TO INSPECT THE PROPERTY click on the “Book an Inspection Time” button above. You must be registered for inspections to be informed of any updates, changes, or cancellations for your appointment. We try and make inspection times as flexible as possible but in the case of properties that are still tenanted we will be restricted in the frequency with which we can show the property. You can also make inquiries using the “Contact Agent” link above and completing your details. Please note we do not accept 1 form applications. A rental application will be sent to you when you register for an inspection.

2 Case Street, SOUTHPORT QLD 4215

Large site soon to be redeveloped but providing a short term opportunity to lease as is. Huge floorspace available to suite many configurations. Unit 2 (pictured) has main floor 24 by 12 metres (288 square metres), office space upstairs in two rooms 2×6 and 3×6. Floor to ceiling roller door, front and rear entrances. Many other options available!

• Warehouse space to suit any configuration
• Short term lease to suit up until the new year
• Large total area up to 720 square metres
• 3 phase power and electric roller doors 6 metres high
• Great location with ample parking
• Favourable terms to approved occupant

Contact agent today to inspect.

Marcy

Kris and his staff from Asset Management Group have been the sole agent of my property at Hedges Ave Mermaid Beach. I am impressed by his honesty and attention to detail. Kris replies promptly to my enquiries. My monthly statements are detailed and shows all receipts. Their office is located at Mermaid Beach which is a bonus as he and his staff are able to keep a close eye on my property. Overall, I have been very happy with their service and highly recommend them as Property Managers.

Happy Client

Many thanks

We have found Asset Management to be excellent, great with follow up and also proactive in your approach…

14 “Carlton Apartments” 4-10 Clifford Street

2 bedroom fully furnished apartment for you if you love the beach

This is the perfect position to enjoy the beach and summer lifestyle all year long.  This property is fully furnished and you will only need linen, your swimmers and a towel.  Walk to shops, dine at your leisure and watch the sunset from your balcony. Beautiful 2 bedroom fully furnished apartment is ready for you.  You are literally 100m to the beach and 300m to Surfers Paradise mall.  Located on Northcliffe Terrace you can leave your car at home.

You will enjoy:

  • Security with an intercom and underground secure parking
  • Storage area in the parking bay for your bike and surfboard
  • 2 well appointed bedrooms, both with built-ins
  • 2 bathrooms (ensuite and bathroom with bath)
  • Internal laundry
  • Open plan lounge / dining / kitchen area
  • North facing balcony with afternoon sun
  • Swimming pool (gas heated to swim all year long) and lovely BBQ area

TO INSPECT THE PROPERTY click on the “Book an Inspection Time” button. You must be registered for inspections to be informed of any updates, changes, or cancellations for your appointment. We try and make inspection times as flexible as possible but in the case of properties that are still tenanted we will be restricted in the frequency with which we can show the property. You can also make inquiries using the “Contact Agent” link above and completing your details. Please note we do not accept 1 form applications. A rental application will be sent to you when you register for an inspection.

12/2491 Gold Coast Highway “Montana Surf”

Unfurnished 2 bedroom apartment in Mermaid Beach resort style complex with parking for 2 cars

This attractive unit is on the 2nd floor of a resort style complex that is centrally located in Mermaid Beach and walking distance to the beach. The unit has a spacious open plan living area with air-conditioning, ceiling fan and access to the east facing balcony plus a separate dining or study area. The kitchen has plenty of space including large pantry and a dishwasher. The main bedroom has its own private balcony, ceiling fan, walk through robe and spacious ensuite with large shower. The 2nd bedroom also has ceiling fan and has a double robe. The main bathroom has a shower over bath plus the combined laundry area. Excellent security all round. Secure parking for 2 cars in a tandem single space. Located on the Gold Coast Hwy, but not facing the highway, you can walk to the beach, public transport, local shops, cafes and restaurants and only a couple of minutes to the Pacific Fair Shopping Precinct.

  • 2 bedroom apartment in beachside resort
  • Air-conditioning to lounge area and ceiling fan
  • Generous kitchen with pantry and dishwasher
  • Main bedroom with ensuite and private balcony
  • 2nd bedroom and bathroom with combined laundry
  • Secure parking for 2 cars in tandem space
  • Great location in central Mermaid Beach

TO INSPECT THE PROPERTY click on the “Book an Inspection Time” button. You must be registered for inspections to be informed of any updates, changes, or cancellations for your appointment. We try and make inspection times as flexible as possible but in the case of properties that are still tenanted we will be restricted in the frequency with which we can show the property. You can also make inquiries using the “Contact Agent” link above and completing your details. Please note we do not accept 1 form applications. A rental application will be sent to you when you register for an inspection.