Shop 8/99 Griffith Street Coolangatta QLD 4225

This prime main street shop is securely leased to national brand Cold Rock Ice Creamery. Cold Rock are well established and have been trading from this retail shopfront for over 14 years.

This AAA tenant has just exercised their 5 year option with the new lease term expiry 22/03/2027 witth a further 5 year option.

INVESTMENT DETAIL:

- Net Return $34,100 per annum + GST
- Term 5 + 5 years
- Annual increases
- Tenant pays 100% of outgoings.

FEATURES:

- 38sqm net lettable area.
- 44sqm of exclusive use alfresco area.
- Central Griffith Street location in Calypso Resort Retail.
- Located next to 'Sushi Train'
- Excellent surrounding tenancy mix.
- High traffic flow position.
- Excellent tenant with perfect track record.

PRICE:

Offer over $682,000 representing 5% net return at the asking price.

For information memorandum and inspection contact exclusive selling agents Towers Francis Property