Iconic Tenant, 10 Year Lease - $156,825* Nett income

SOLD

L 11/2893-2903 Gold Coast Highway

Surfers Paradise QLD 4217

Retail

FOR SALE

424m2

Lot 11 of 2893 Gold Coast Highway, Surfers Paradise

* Secure lease to international restaurant chain Hooters, one of the most well-known restaurant brands in the world
* Head lease with public company (NASDAQ: HOTR), owner operator of 61 restaurant brands in the U.S. and abroad and owner franchiser of the Hooters brand
* $156,825* Nett Income with 4% annual increases on gross income
* 10 + 5 + 5 year lease, commenced 1/12/2013
* 424m2* lettable area inclusive alfresco plus 2 storage areas and a back loading bay
* Access to 72 commercial area basement car parks
* High profile iconic location between Broadbeach and Surfers Paradise fronting Gold Coast Hwy and light rail

Auction
11am Thursday 5th May 2016
Gold Coast Turf Club, Racecourse Drive, Bundall

Steven King 0417 789 599

This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.