SOLD by Jackson Rameau with 8 bidders at Auction
5-11 Woodroffe Avenue, Main Beach, QLD 4217
Jackson Rameau of RWC Gold Coast proudly presents an outstanding opportunity to own a prime retail investment underpinned by two internationally recognised tenants such as 7-Eleven convenience store and Subway fast food. The investment is located in the very heart of Main Beach which is one of the Gold Coast's busiest beachside suburbs!
Key features of this rare beachside investment include:
• Brand new 5 year leases with 2 x 5 year options to 7-Eleven and Subway
• Both tenancies in place since 2009 (14 years in the same location)
• Net return of $163,982.42* p.a + GST + Outgoings
• Fixed 4% increases providing strong income growth
• 7-Eleven NLA (105m2* internal + 18m2* external)
• Subway NLA (47m2* internal + 39m2* external)
• Affluent suburb with $1,240,000 median apartment price
• 2 x car parks plus a loading zone immediately in front of the tenancies
• Directly opposite Main Beach beachfront and patrolled Gold Coast surf beaches
• Unrivalled position to service customers passing through or residing in Main Beach or Surfers Paradise
• Main Beach is set to undergo $1.5 billion* worth of development over the next decade unlocking both major customer growth for tenants and potential for future capital growth.
• This property absolutely must be sold! Contact the agent to make an offer today!
Location:
- Directly opposite Main Beach and the Gold Coast Beaches
- 1 minute to Surfers Paradise
- 1 minute to the Spit and Gold Coast Seaway
- 5 minutes to Smith Street Motorway & M1 on-ramp
- 5 minutes to The Southport School Private Boys College(TSS)
- 5 minutes to Southport State High School
- 30 minutes to Gold Coast Hinterland
- Fantastic exposure to thousands of cars passing daily*
For Sale by Public Auction, to be held 11am Thursday 16 November 2023 at the Gold Coast Turf Club, Racecourse Drive, Bundall, QLD. For...