1348-1354 Gold Coast Highway, PALM BEACH QLD 4221
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- 17 Aug 2016
Ultra Prime Retail Investment - Dual Anchored Blue Chip Investment Opportunity
The Property presents a rare opportunity to purchase a modern retail investment, leased to two blue chip tenants secured on long term Net leases. The Property is also underpinned with future redevelopment potential given its prime corner location adjacent to the beachfront and medium density zoning designation, which includes a development height limit of 29* metres.
The Property comprises a modern Service Station and Fast Food centre securely leased to McDonald’s and 7-Eleven. Both tenants have been in operation at the site for nearly 15* years since the complex was developed in late 2001.
The complex occupies a high profile, high exposure, corner location fronting the Gold Coast Highway and 19th Avenue at Palm Beach on the southern Gold Coast. The complex enjoys exposure to high volumes of vehicular traffic passing the Property daily.
Key features include:
- Rare dual anchored retail investment - first time offered for sale
- 100% leased to blue chip National tenants, McDonald's & 7 Eleven - long term tenants since original development in late 2001
- Net Leases - tenants pay most outgoings
- Assured Rental Growth - each lease features fixed rent increases of 2.5% and 3.0%pa
- High profile corner site at the intersection of the Gold Coast Highway and 19th Avenue - over 34,000* cars pass the property per day
- 3,011sq m* site adjacent to the beachfront with a height limit of 29 metres providing excellent future development potential
- Net Income: $465,966pa*
For Sale by Expressions of Interest closing 4pm Wednesday 14 September 2016
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
Expression of Interest Details
- Close Date:
- 14/09/2016 16:00:00
- Recipient Name:
- Delivery Address:
- Savills Brisbane
1348-1354 Gold Coast Highway PALM...