LJ Hooker Commercial Palm Beach is pleased to present to the market this 100% leased retail investment opportunity on the Gold Coast Highway of Palm Beach, one of Queenslands most sought-after beachside locations.
The property will betaken to Auction on Tuesday 30th of March at 11am.
This exceptional property is currently occupied by a well-known licenced bar with authority to operate until 2am. With no food service this business is able to trade with no need for any grease trap requirements. The existing fit out comprises of a 20sqm terrace extension at the front of the property which is in addition to the original 69sqm floor plan.
The current tenant is in their second option with a further 3 year term if required. The business is considerably lucrative and a noteworthy attraction in the Palm Beach area.
- 69sqm retail suite with 20sqm terrace extension
- Annual nett income of $32,000 pa
- Tenant pays 100% of Outgoings
- Long term tenant on new 3 year lease with further option
- Small boutique building with 3 other commercial suites
- Strategically positioned on the Gold Coast Highway
- High exposure, large volumes of passing traffic
- High ceilings, Air conditioned plus front and rear access
- Shared M/F amenities, parking at the rear
- Don't miss this scarce and excellent opportunity
Located on the Gold Coast Highway with hundreds if not thousands of passing cars daily. This property is perfectly positioned in Palm Beach, nestled between Tallebudgera and Currumbin Creek. Undergoing extensive redevelopment, Palm Beach is fast becoming a premier beachside suburb. The location is serviced by an extensive road network and has easy access to both Gold Coast Highway and the M1 (Pacific) Motorway.
Full documentation available upon request.
For more information or to arrange your inspection, please contact listing agent Tara Imlach 0452 418 343.
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