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27 Connor Street
Burleigh Heads QLD 4220
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Sold on 24 Feb 2015

27 Connor Street Burleigh Heads QLD 4220

  • Medical / Consulting
  • 165 m²
  • Sold, $2,800,000

Gold Coast's Best Retail Investments. 5 Prime Shops - Offered Separately.

5 exclusive retail shops with main street frontage to bustling.
James and Connor Streets in the heart of CBD.
Brand name tenants incl. CBA, BWS and Coffee Club Australia.
Existing 5 to 8 year leases.
Attractive rental increases up to 5% annually.
As new presentation throughout.
Just 10 km south of Surfers Paradise.
Established residential base and tourism hotspot.
James Street is a thriving upmarket retail precinct.
Substantial depreciation allowances.
Net Income Range: $80,080pa - $148,291pa + GST.
To be sold separately.

Shop 1, Commonwealth Bank
Tenant: Commonwealth Bank of Australia
NLA: 165 sqm
Tenure: Leased to 27 February 2018
Rent reviews: Annual 4% increases
Net Rent: $144,770 pa + GST

Shop 2, BWS Liquor Store
Tenant: ALH Group Pty Ltd (Woolworths Ltd subsidiary)
NLA: 153 sqm
Tenure: Leased to 20 Dec 2017 + 4 x 5 year options
Rent reviews: Annual CPI (capped at 4%)
Net Rent: $126,687 pa + GST

Shop 3, Sushi on James
Tenant: Chassie Pty Ltd
NLA: 127 sqm
Tenure: Leased to 29 September 2017 + 7 year option
Rent reviews: Annual 4% increases
Net Rent: $141,143 pa + GST

Shop 4, Bach Hair Salon
Tenant: Evolve Salon Operations Pty Ltd
NLA: 77 sqm
Tenure: Leased to 31 July 2019 + 5 + 5 year options
Rent reviews: Annual 4% increases
Net Rent: $80,080 pa + GST

Shop 5, Coffee Club Australia
Tenant: Coffee Club (Properties) Pty Ltd
NLA: 124 sqm
Tenure: Leased to 29 September 2020 + 5 year option
Rent reviews: Annual 5% increases
Net Rent: $148,291 pa + GST

Location Profile
Epicentre of Queensland's famous Gold Coast.
Population in excess of 507,642 (ABS 2011).
Queensland Govt projects growth to 798,417 by 2031.
Renowned holiday and tourism hotspot.
Just 94 km south of Brisbane.
Well established and high growth residential surrounds.

Auction 2pm AEDT Tuesday 24 February
50 Margaret Street Sydney

Simon Staddon 0413 640 851
Pat Kelly 0412 244 456

CO AGENT
Chesterton International
Glenn Conridge 0413 873 337

AUCTION

Auction date and time24/02/2015 14:00
Auction locationMezzanine Level

Property Highlights

Date Sold24 Feb 2015
Sold Price$2,800,000
Floor AreaAsk Agent
Land Area165 m²
ParkingAsk Agent
Property ID2011724614
Category
Last updated  24 Feb 2015
Map for 27 Connor Street Burleigh Heads QLD 4220

Property Highlights

Date Sold24 Feb 2015
Sold Price$2,800,000
Floor AreaAsk Agent
Land Area165 m²
ParkingAsk Agent
Property ID2011724614
Category
Last updated  24 Feb 2015

Co-Agents

Simon Staddon
Simon Staddon
Burgess Rawson Sydney
Call
0413 640 851
Pat Kelly
Pat Kelly
Burgess Rawson Sydney
Call
0412 244 456

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