Esplanade Fronting Retail Shop - Blue Chip Investment

-Rare opportunity to buy a prime retail shop in one of the region’s most tightly held markets

-Blue chip investment opposite the Broadwater and parkland

-Net lettable area of 123* m2, high exposure position, extensive street parking

-Lease runs to 2029, current 4 year term commenced in March 2021

-Tenant is a popular Japanese restaurant, original owner from 2013 still in place

-Annual rent of $93,806* excluding GST, Tenant paying all current outgoings, 5% annual increases

-Personal guarantee in place

-Exclusive waterfront shopping village, surrounded by prestige waterfront property, high tenancy demand

-2 exclusive use onsite car parks

-Boutique strata titled building of only 4 lots, 2 x ground floor shops & 2 x upstairs offices on the 1st floor, equal body corporate contribution entitlements

The Gold Coast is 1 hour from Brisbane and with a population of 600,000* is Australia’s sixth largest city and a leading tourism, business & events locale boasting arguably one of the best lifestyles in the world.

*Approximate

This property is being sold by Auction and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Due to State Government Legislative requirements, to bid at Auction photographic identification is required for registration. The deposit is due to be paid immediately after the fall of the hammer on Auction day unless other prior arrangements have been made.

Property ID: 1181084