1,2,3/120 Marine Parade Coolangatta QLD 4225
- Shop & Retail
- 378 m²
- For Sale, $3,000,000 - $7,000,000 (GST na)
Beachfront Investment Gold Coast - Net Income $282,848 + gst+ all outgoings
- * Tenant has been in place since 2012
- * Recently renewed 5+5 lease
- * Base Rental $282,848pa+gst+all outs
Iconic Global Surf Company Rip Curl have occupied the 3 shops at 1,2,3 - 120 Marine Parade Coolangatta since August 2012.
One of the world's premier surfing and fashion brands, Rip Curl have utilised the store as a marquee showroom and retail space and have recently extended their lease over the space until the 31st of October 2026 with a further 5-year option at that date. The business pays a base rental of $282,848.52pa+gst and also pays all outgoings associated with the three lots.
The Rip Curl shop occupies an internal area of approximately 378 sqm with an additional approx 94sqm of exclusive use outdoor area.
The three Strata-titled properties are located on the ground floor of Refections Building 1. Constructed in 2006 the building is arguably one of the best located on the Gold Coast with sweeping views from Coolangatta to Surfers Paradise. The building is located on the famous Coolangatta Beach just a 5-minute drive to the Gold Coast Airport.
This truly unique commercial real estate investment is for sale for $4,600,000 which equates to a 6.14% net return on investment.