38 Cavill Avenue Surfers Paradise QLD 4217

*SOLD*

Comprising a 6-level mixed use commercial/retail building prominently positioned within the heart of the Surfers Paradise central business district, 38 Cavill Avenue is a strata titled, quality building consisting in total of 11 lots. The ground retail arcade area (Lots 1 to 7) links with the adjoining RSL Building and offers public access through to Beach Road. The office areas offer a separate street front entrance and comprise 5 upper level single lot floor plates ranging from 361 - 432sqm* with tandem lift access.

The key investment highlights include:
- 6-level mixed use commercial/retail building
- Brilliant reposition opportunity with diversified income stream
- Substantial holding income across retail and office tenancies
- Current Net income: $405,155 p.a. + Outgoings + GST (Projected Net Income: $747,710 p.a. + Outgoings + GST)
- 63% Occupancy by area
- Total Lettable area: 2600.2sqm* (Retail: 487.8sqm*; Office: 2,112.4sqm*)
- Ground floor retail arcade area with 7 shops
- 5 levels of offices
- Land area 888sqm* Zoned Centre
- 27 secure basement car bays (rare access via Beach Road)
- Well positioned in the heart of Surfers Paradise, Australias tourist capital and within metres of the Gold Coasts most prominent business office tower (50 Cavill Avenue)
- Separate commercial entrance fronting Cavill Avenue with two lifts
- Located less than 100m from light rail station and within a short distance of Cavill Mall and the world famous Surfers Paradise Beach
- Reposition potential for future back packer/student/accommodation type alternate use
- Motivated sellers

Contact James Crawford on 0423 601 063 or Steven King on 0417 789 599 for further information or to arrange an inspection.

*approximately
^Please note outlines are indicative only