Click to Share

27 Griffith Street Coolangatta QLD

Profile Landmark Commercial Building
Auction Location: Gold Coast Art Centre.

AAA Long Secure Lease - Tenanted Opportunity – Gold Coast

Here is an opportunity to purchase a fully renovated and well-established freestanding Commercial building on the Booming Gold Coast, positioned amongst major retail and commercial businesses.

This high exposure BLUE CHIP asset is a safe and secure investment opportunity, offering exceptional Griffith Street exposure. Prime located freestanding commercial assets with a single tenant covenant are highly sort after. A CBD location in a prime tenanted business sector, underpins the properties rental authority.

The single tenanted, two level commercial building has two separate entrances and offers prominent two street frontage. The new 7 Year Lease by a well-established and successful four partner accounting practise, operating locally since 1982 (39 years), secures this property income.

This is a AAA Net Lease, that means the tenant pays for 100% of the outgoings including the land tax.

Coolangatta is a CBD Beachfront suburb of the Gold Coast and is approximately 2 kilometres to the Gold Coasts International Airport and 20 minutes' drive to the Star Casino in Broadbeach.

The freehold two-level corner CBD building is being offered for sale at $2,850,000.

PROPERTY DETAILS
- Building area: 376 square metres (approx.)
- Renovated: Refurbished in 1998 and most recently in 2020
- Approved Use: Commercial Retail
- Zoning: Coolangatta LAP
- Residential Density: RD6

LEASE SUMMARY
- Lease Term: 7 years + 3 years + 3 years
- Lease Commencement: 1 August 2020
- Current Passing Rent (Net): $150,000 per annum
- Average Rate per m2: $398 psm - approximately
- Annual Increase: 3% fixed increase
- Tenants Outgoings: 100% collected - (including Land Tax)

An investment opportunity not to be missed.

The income as at 1st August 2021 will be $154,500 net per annum.

Inspections by appointment only.

Exclusive Marketing Agent
Jamie Bourke 0417 077 277
Email: jbourke@bourkeqld.com.au
BOURKE Commercial, Queensland


Disclaimer: BOURKE Commercial has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Limited Interest Pty Ltd ATF FNC Trust t/a BOURKE Commercial toward the recipient with regard to the use of this information and all information given is given without responsibility.

Property Information

  • Commercial
  • $2,850,000 Negotiable
  • QLD
  • Gold Coast
  • Coolangatta
  • Offices
  • For Sale
  • 376 sqm