ANZ & BOQ Banks 24-28 Griffith Street Coolangatta QLD 4225

100% ASX Tenanted Beachside Investment (ANZ & BOQ):

Rare freehold investment with two ASX listed tenants one block from Coolangatta beach.

Investment features include:
Net Income: $256,386 pa + GST
360sqm of total building area*
420sqm of land area*
5 year lease to ANZ to 2024 with options to 2034
7 year lease to BOQ to 2023 with options to 2028
100% leased to two ASX-listed companies
Both tenants in first term of lease
ANZ in 185sqm / BOQ in 175sqm*
Both are boutique, small format, hi-tech, modern fit-outs
Building extensively refurbished between 2016 & 2018
19.8m of valuable 'High Street' retail frontage*
Dual street frontages (rear access from Chalk Street)
24 metre building height limit
Mixed-use 'Centre' zoning (residential /retail /commercial)
Residential density of 1 bed per 33sqm of land
Irreplaceable CBD beachside position in Australia's 6th largest city
5 minutes drive to Gold Coast International Airport*
Situated among national retailers such as Woolworths, ALDI, CBA, Westpac & NAB
ANZ: Top 6 ASX-listed bank with $80+ billion market cap (Apr 2021)
BOQ: ASX-listed bank with $5.5+ billion market cap (Apr 2021)
Information Memorandum available upon request
Genuine, motivated sellers

For Sale via Public Auction on Thursday 13 May 2021 at 11am (in-rooms at Colliers offices).

Contact James Crawford on 0423601063 for more information

*approximately
**Please note outlines are indicative only