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Prestigious Gold Coast Boutique Retail Investment with Potential for Redevelopment – Broadwater Views

Lot 2/38 The Esplanade, Paradise Point QLD

Property Highlights

Prestigious boutique retail precinct

Renewed 5 + 5 year lease

Future redevelopment site

Description

Renewed 5 + 5 year lease
Future redevelopment site facing The Broadwater
Retail investment in exclusive waterfront enclave of boutique street-front
dining and fashion precinct facing the famous Gold Coast Broadwater
overlooking Sovereign and South Stradbroke Island
Established “Millie’s” Café & Takeaway with recent renewed 5 year lease to
March 2024 with option to 2029
Subject property is one of four shops comprising a group title occupying
531 sqm of land with on-title parking at rear
Zoned for future re-development (STCA)
Gold Coast: 1 hour from Brisbane, with a population of 600,000 approx. is
Australia’s sixth largest city and a leading tourism, business & events locale
boasting arguably one of the best lifestyles in the world
Tenant pays all outgoings, as per lease
Annual CPI rent reviews
Net Income: $67,000 pa + GST

Auction 11am Tuesday 25 June 2019
Doltone House, Hyde Park, 181 Elizabeth Street, Sydney

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
531 SQM
Gross Building Area
59 SQM

Contact Agents

Glenn Conridge

+610 413 873337

Michael Gilbert

0430 024 790

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