Premium Multiple Tenanted Long Wale Retail Investment

29 Queensland Avenue, Broadbeach QLD

Property Highlights

Large Public Carpark Onsite
Long Wale Investment
Major Corner Highway Location
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Description

Burgess Rawson are delighted to exclusively offer for Sale by Auction this exceptional investment to a diversified mix of tenants including medical, hairdresser
accountant & restaurants, encompassing the whole ground floor of the Qube building.

Located in Broadbeach on the corner of the Gold Coast Highway opposite the Star Casino, Pacific Fair Shopping Centre, Exhibition Centre & Light Rail. The location is second to none and provides high exposure to Gold Coasts most prominent corner. Developed by the exceptional Morris Property Group. The Qube consists of 202 apartments over 40 levels, just under 1/2 acre of tenant amenity, ground floor retail and council public carpark.

The ground floor retail is one lot for sale with 5 different tenancies to high performing tenants. An average 10 year lease term provides you with a secure investment in a new building with extensive depreciation. With a location poised to be the at centre of the Olympics spectacle this will continue to ensure strong growth in your investment.

The Gold Coast is extremely popular to tourists because of its three-kilometre strip of golden sand. Hailed as one of Australia’s most pristine beaches, it is a post-card perfect attraction that attracts surfers, swimmers, and joggers around the world.

Broadbeach is also known for its weekend markets and weekday yoga classes. Wander down Broadbeach strip and immerse yourself with street artists.

Lessee: Broadbeach Family Practice Pty Ltd
Lease Term: 12 Years
Lease Commencement: 30/06/2021
Lease Expiry: 29/06/2033
Increases: CPI + 1 % pa

Lessee: Amber Rose Whittle (AW Hair)
Lease Term: 10 Years
Lease Commencement: 13/07/2020
Lease Expiry: 12/07/2030
Increases: 3.5 % pa

Lessee: Gold Coast Accountants Pty Ltd
Lease Term: 6 Years
Lease Commencement: 1/06/2021
Lease Expiry: 31/05/2027
Options: 1 x 5 Years
Increases: 3 % pa

Lessee: Sushi Train Australia Pty Ltd
Lease Term: 10 Years
Lease Commencement: 1/04/2020
Lease Expiry: 31/03/2030
Options: 5 x 5 Years
Increases: CPI + 1 % pa

Lessee: Dancing Sugar Pty Ltd (Moli Café)
Lease Term: 10 Years
Lease Commencement: 1/12/2021
Lease Expiry: 29/11/2031
Options: 2 x 5 Years
Increases: 3 % pa

Highlights
– High Profile Highway Corner Location
– Average 10 year lease covenant
– High performing diverse tenant mix
– Strong annual increases
– Strong Depreciation
– Large onsite public parking
– Located close to Broadbeach beach and Foreshore

Net Rent: $313,655.46 per annum plus gst

Property Details

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