On behalf of the vendors, we have been instructed to offer this outstanding tenanted investment to the market at an incredible 7% Nett Yield!
Shop 9 at 23-29 Price Street Nerang forms part of the Nerang Village Shopping Centre and offers the buyer a rare opportunity to acquire a strata titled shop in a prominent complex.
The shop measures a total of 78m2 and the complex fronts the Southport-Nerang Road which is a major arterial road on the Gold Coast which has about 28,000 cars daily.
The property is improved with a fully fitted kitchen and is currently operating as Old Hong Kong Chinese restaurant. The restaurant is operated by a local family who purchased the property some 12 years ago for their business.
The restaurant owners are looking at retiring in a number of years time, and are willing the sell the property and lease it back for a period of three years on a brand new lease.
Please contact the marketing agents for a full Information Memorandum.
Disclaimer:
Sonter Agency has not independently checked any of the information we merely pass it 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 Sonter Commercial Pty Ltd T/A Sonter Agency in recipient with regard to the use of this information and all information given is given without responsibility.
