27 27 connor street, burleigh heads

Price on Request

Property Details

5 exclusive retail shops with main street frontage to bustling.
James and Connor Streets in the heart of CBD.
Brand name tenants incl. CBA, BWS and Coffee Club Australia.
Existing 5 to 8 year leases.
Attractive rental increases up to 5% annually.
As new presentation throughout.
Just 10 km south of Surfers Paradise.
Established residential base and tourism hotspot.
James Street is a thriving upmarket retail precinct.
Substantial depreciation allowances.
Net Income Range: $80,080pa - $148,291pa + GST.
To be sold separately.

Shop 1, Commonwealth Bank
Tenant: Commonwealth Bank of Australia
NLA: 165 sqm
Tenure: Leased to 27 February 2018
Rent reviews: Annual 4% increases
Net Rent: $144,770 pa + GST

Shop 2, BWS Liquor Store
Tenant: ALH Group Pty Ltd (Woolworths Ltd subsidiary)
NLA: 153 sqm
Tenure: Leased to 20 Dec 2017 + 4 x 5 year options
Rent reviews: Annual CPI (capped at 4%)
Net Rent: $126,687 pa + GST

Shop 3, Sushi on James
Tenant: Chassie Pty Ltd
NLA: 127 sqm
Tenure: Leased to 29 September 2017 + 7 year option
Rent reviews: Annual 4% increases
Net Rent: $141,143 pa + GST

Shop 4, Bach Hair Salon
Tenant: Evolve Salon Operations Pty Ltd
NLA: 77 sqm
Tenure: Leased to 31 July 2019 + 5 + 5 year options
Rent reviews: Annual 4% increases
Net Rent: $80,080 pa + GST

Shop 5, Coffee Club Australia
Tenant: Coffee Club (Properties) Pty Ltd
NLA: 124 sqm
Tenure: Leased to 29 September 2020 + 5 year option
Rent reviews: Annual 5% increases
Net Rent: $148,291 pa + GST

Location Profile
Epicentre of Queensland's famous Gold Coast.
Population in excess of 507,642 (ABS 2011).
Queensland Govt projects growth to 798,417 by 2031.
Renowned holiday and tourism hotspot.
Just 94 km south of Brisbane.
Well established and high growth residential surrounds.

Auction 2pm AEDT Tuesday 24 February
50 Margaret Street Sydney

Simon Staddon 0413 640 851
Pat Kelly 0412 244 456

Chesterton International
Glenn Conridge 0413 873 337

Featured Details

Gross Building Area 165 sqm
Land Size 165 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: 1441

Thank you for showing interest in us.

Office Details

Level 18, 15 Castlereagh Street, Sydney NSW 2000

T 02 9232 6288 E sydney@burgessrawson.com.au

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