1/3440 Surfers Paradise Boulevard Surfers Paradise QLD 4217

Duncorp Commercial are pleased to offer for sale "Rhapsody Retail" being the total retail ground floor of this luxury residential apartment resort in Surfers North.
Lot 1/3440 Surfers Paradise Boulevard, Surfers Paradise is for sale by Offers to Purchase over $2,700,000 (as a going concern).
Representing an outstanding 7.01%* return on the Net Operating Income of approx. $189,267 per annum.

This high yielding three (3) tenant retail investment opportunity offers a WALE of 5 years (as at August 2022) with a mix of 3% and 4% annual reviews.
The outgoings are very low when compared with similar retail investments

Lot 1 includes allocated basement parking for 2 cars in addition to access to 20 basement car parks for customers and visitors.

Shop 1: 114m2 - Leased to Descon Group Australia (currently being out fitted as a display suite)

Shop 2: 114m2 - Leased to EzyMart Pty Ltd (trading as EzyGrocer)

Shop 3: 119m2 - Leased to Rhapsody Beachside Cafe

For a detailed Information Memorandum and access to a further due diligence information.
Contact the exclusive selling agents Brad Duncalfe on 0419 641 058 or Denika Hennessy 0414 413 270.

*Approximately