Shop 5/120 Marine Parade Coolangatta QLD 4225

This beach front retail shop is positioned in the busiest position in Coolangatta directly next to international fast food giant McDonalds.

The property is being offered as a securely leased investment with a 5 year lease in place to experienced tobacconist and convenience store operator who has been in business for over 20 years.

INVESTMENT DETAIL:

- 5 + 5 + 5 Year lease commenced 14/02/2020
- Net return $72,100 per annum
- Outgoings 100% paid by tenant.
- Fixed reviews to 3%
- Security: Bond and guarantor.

FEATURES:

- 70sqm internal NLA
- 23sqm exclusive use alfresco.
- Prime Beachfront position next to McDonalds.
- Shop has potential for retail food also.
- Busiest location in Coolangatta opposite Greenmount and Coolangatta Beach.

FOR SALE

UNDER CONTRACT

For more information contact exclusive selling agents Towers Francis Property.