COOLANGATTA QLD_Reflections

110 110 marine drive, coolangatta

Price on Request

Property Details

Existing leases up to 7 years
National brand tenants incl. BWS, Gellatissimo, Crust Pizza etc
6 exclusive retail shops with main street frontage to bustling Coolangatta Beach with stunning views
Ground floor of the famous "Reflections" luxury hotel apartment complex
Home to chic fashion outlets, restaurants and cafes
Just 25 south of Surfers Paradise
Attractive rental increases up to 4% annually
Net Income ranges: from $68,004pa - $88,050pa

Shop 14, 110-120 Marine Pde Coolangatta QLD
ALH Group Pty Ltd (Subsidiary of Woolworths Ltd)
Operates circa 320 pubs and 550 liquor stores
91 sqm
Leased to 28 May 2022 + 7 year option
Annual CPI
Net Income: $88,050 pa + GST

Shop 10, 110-120 Marine Pde Coolangatta QLD
Salty Malibu Pty Ltd T/A "Gelatissimo"
A growing nationwide chain of premium Italian style ice cream parlours with over 39 outlets
NLA: 64 sqm
Leased to 9 July 2017 + options to July 2022
Annual CPI
Net Income: $68,004 pa + GST

Shop 9, 110-120 Marine Pde Coolangatta QLD
Everlong Pty Ltd T/A Crust Pizza
Nationwide chain of up market pizza restaurants with 160 outlets in prime locations
NLA: 62 sqm
Leased until 27 September 2017 + options to September 2022
Annual CPI
Net Income: $73,548 pa + GST

Shop 6, 110-120 Marine Pde Coolangatta QLD
Redband Nominees Pty Ltd T/A "George's Paragon"
George's Paragon is a south east Qld institution serving outstanding seafood from 4 prime locations
80 sqm (plus outside eating area)
Renewed lease to 20 January 2020
4% pa fixed
Net Income: $80,000 pa + GST

Shop 2, 110-120 Marine Pde Coolangatta QLD
Shaynal Patel T/A "Le Cafe Enchante"
Classic French inspired beach front cafe and bistro
NLA: 74 sqm
Leased until April 2016 + options to 30 April 2021
Rent reviews: 3.5% pa fixed
Net Income: $68,931 pa + GST

Shop 4, 110-120 Marine Pde Coolangatta QLD
C K & W S Kwong T/A "The Mighty Wok"
Bustling beachside Asian eatery specialising in fast, tasty food
NLA: 73 sqm
Leased until 4 November 2016 + options to November 2021
Rent reviews: Annual CPI reviews
Net Income: $72,498 pa + GST

6 Prime shops to be offered separately
Auction 2pm AEST Tuesday 14 April 50 Margaret Street Sydney

Michael Gilbert 0430 024 790
Michael Collins 0404 023 204

CO-AGENT
Colliers Gold Coast
Alan Robinson 0406 263 889

Featured Details

Gross Building Area 91 sqm
Land Size 91 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: 1456

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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