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Magnificent Beachside Freehold Investment with Future Upside

84-88 Griffith Street , Coolangatta QLD

Property Highlights

New 5 Year Lease to NAB
Prime for Possible Future Development
Fixed 3% Rent Increases
Register to Bid

Description

Burgess Rawson is pleased to offer to the market 84-88 Griffith Street, Coolangatta QLD for sale via Private Treaty.

The property has the following investment highlights:

+ NAB: New 5 year lease plus options to November 2034
+ Thai Massage: recent 5 + 5 year lease to 2033
+ Positioned in the heart of Coolangatta’s main retail & resort precinct with 15 hotel/resorts within a 400m* radius
+ Promotively located corner site with three street frontages, providing huge exposure
+ Sought after ‘Centre’ Zoning, perfect for future redevelopment (STCA)
+ Fixed 3% rent increases ensuring future income growth
+ Directly across from Woolworths anchored ‘The Strand’ Shopping Centre supported by a dynamic mix of fashion, surf wear, supermarkets, gifts and homeware tenants
+ Only 2.8km* from the Gold Coast International airport with over 6.5 million visitors per annum^^
+ Coolangatta: The Gold Coast’s southernmost city, has become a thriving shopping & holiday location
+ City of Gold Coast: Australia’s sixth largest city with the population forecast to increase from 650,000 to 1 million by 2046^
+ Total Net Income: $226,505 pa* + GST

For Sale by Private Treaty.

Please contact the exclusively appointed Burgess Rawson team for more information.

^ www.goldcoast.qld.gov.au
^^www.goldcoastairport.com.au
*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Bank
Land Size
477 SQM
Building Area
442 SQM

Price

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