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56 Nerang St 23,767 SF Office Building Southport, QLD 4215 For Sale
Investment Highlights
- Fully leased to ASX-listed NextEd Ltd, providing a strong national covenant.
- Net income of approximately $1.15 million per annum with CPI-linked rent reviews
- Prominent 2,208 sqm freestanding building with 25 on-site car parks in Southport CBD.
- Secure net lease structure with a 7.5-year WALE as of March 2026.
- Recent capital investment of circa $4.5 million in building systems and tenant fitout.
Executive Summary
FOR SALE: Expressions of Interest
The property is 100% leased to NextEd Ltd (ASX:NXD), a nationally recognized provider of vocational and higher education, delivering a strong covenant and long-term stability. With a secure net lease structure and a weighted average lease expiry (WALE) of 7.5 years by area and income as of March 2026, this investment offers predictable cash flow and minimal risk exposure.
The asset generates a net income of approximately $1,147,946 per annum, underpinned by CPI-linked rent reviews ranging from 3.5% to 4.75%, ensuring embedded income growth over the lease term. Significant recent capital expenditure of around $4.5 million has been invested in essential services, tenant amenities, and fitout, reducing future capital requirements. Strategically located within the Gold Coast’s primary CBD and designated Priority Development Area, the property benefits from exceptional connectivity via the 27 km Gold Coast Light Rail network and proximity to Helensvale Heavy Rail, providing direct access to Brisbane. The surrounding market fundamentals are robust, with office vacancy at just 8.1%, supported by ongoing infrastructure investment including light rail extensions and the Logan & Gold Coast Faster Rail program.
This offering combines secure income, strong tenant covenant, and a prime CBD location, making it an attractive proposition for investors seeking long-term stability and growth.
The property is 100% leased to NextEd Ltd (ASX:NXD), a nationally recognized provider of vocational and higher education, delivering a strong covenant and long-term stability. With a secure net lease structure and a weighted average lease expiry (WALE) of 7.5 years by area and income as of March 2026, this investment offers predictable cash flow and minimal risk exposure.
The asset generates a net income of approximately $1,147,946 per annum, underpinned by CPI-linked rent reviews ranging from 3.5% to 4.75%, ensuring embedded income growth over the lease term. Significant recent capital expenditure of around $4.5 million has been invested in essential services, tenant amenities, and fitout, reducing future capital requirements. Strategically located within the Gold Coast’s primary CBD and designated Priority Development Area, the property benefits from exceptional connectivity via the 27 km Gold Coast Light Rail network and proximity to Helensvale Heavy Rail, providing direct access to Brisbane. The surrounding market fundamentals are robust, with office vacancy at just 8.1%, supported by ongoing infrastructure investment including light rail extensions and the Logan & Gold Coast Faster Rail program.
This offering combines secure income, strong tenant covenant, and a prime CBD location, making it an attractive proposition for investors seeking long-term stability and growth.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
23,767 SF
Building Class
B
NOI
$827,038
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
7,922 SF
Building FAR
2.34
Lot Size
0.23 AC
Parking
25 Spaces (1.05 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Basement
- Common Parts WC Facilities
- Demised WC facilities
- Natural Light
- Partitioned Offices
- Wi-Fi
- Air Conditioning
- Backup Power / Generators
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56 Nerang St
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