|Owner||GDI Property Trust, part of the listed GDI Property Group|
|Independent Valuation Date||31 December 2018|
|Independent Valuation||$100 million|
|Rate/sqm of NLA||$6,015|
|NLA Total (SQM)||16,625|
|Occupancy (by NLA)||98%|
|WALE (by NLA)||2.9 years|
|Nabers Energy Rating||3.5 star NABERS rating|
50 Cavill Avenue (‘The Property’) is the iconic Surfers Paradise office building located within the heart of the Surfers Paradise tourism precinct. It occupies a highly prominent location on the corner of the Gold Coast Highway, Cavill Avenue and Beach Road which is less than 500 m away from the famous Surfers Paradise beach.
The Property is well serviced by public transport. It is within a short walk to the G:Link Light Rail service and has easy access to the Gold Coast Highway.
50 Cavill Avenue is a prominent 16,566 square meters A-Grade office tower, comprising 21 levels of quality office accommodation and a three level office and retail annex building fronting Cavill Avenue. The property is further bolstered by five levels of basement car parks comprising 447 car park spaces. The property offers exceptional office space with a central core, four sides of natural light and spectacular 360 degree views of Broadwater, coastal, hinterland and the Nerang River.
An immediate refurbishment program commenced on the settlement of 50 Cavill Avenue. The program will include staged full refurbishment of vacant tenancies and common areas commencing from the lower levels, upgrading of the lifts and replacement of the chillers. The ground floor foyer has been upgraded since.
The location, high level of parking, excellent natural light and spectacular views, onsite tenant amenity including foyer cafe along with the scheduled refurbishment of building amenities will ensure the property continues to appeal to a broad cross section of the occupier market and attract and maintain occupiers.
To view the 50 Cavill Ave website, please click on the link: 50 Cavill Ave Home Page