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Shop 5/2623-2633 Gold Coast Highway
Broadbeach QLD 4218
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Sold on 6 Feb 2020

Shop 5/2623-2633 Gold Coast Highway Broadbeach QLD 4218

  • Shop & Retail
  • 89 m²
  • Sold, $610,000

Must be Sold: 7.7% Yield, 4 Year Lease

  • For Sale $620,000
  • $47,000 p.a Net Income
  • 4 Year W.A.L.E

Colliers International are excited to present the opportunity of acquiring a high profile, ground floor café that must be sold at Auction. Shop 5 in Bel Air On Broadbeach is an 89sqm café which has 4 years remaining on their initial lease term, followed by a 4 year option. Offered to the market as an income producing investment, this will suit both new and experienced investors.

Bel Air On Broadbeach (approximately 600m from the beach) is in Broadbeach's retail precinct and generates exposure to both local residents and tourists. The cafés' location gets 34,000 daily vehicles passing as it is positioned on the Gold Coast Highway directly opposite Broadbeach South Station (G: LINK).

The current mix of tenants in the building and surrounding precinct consist mostly of restaurants and specialty retailers.

Investment Highlights:

High Exposure Location
Great Value For Money
Located in the Broadbeach Retail Precinct
* Highly motivated seller

For Sale $620,000
All areas, distances and figures are approximate

*Approximate

Property Highlights

Date Sold6 Feb 2020
Sold Price$610,000
Floor Area89 m²
Land Area89 m²
Parking2 x Onsite parkings
Property ID2015870352
Category
Last updated  18 Feb 2020
Map for Shop 5/2623-2633 Gold Coast Highway Broadbeach QLD 4218

Property Highlights

Date Sold6 Feb 2020
Sold Price$610,000
Floor Area89 m²
Land Area89 m²
Parking2 x Onsite parkings
Property ID2015870352
Category
Last updated  18 Feb 2020

Listed by

Colliers International - Gold Coast
Call
0449 769 742

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