1/16 Seventh Avenue, Palm Beach QLD

For Sale

Retail

SOLD

76m2

This is a unique opportunity for the savvy purchaser to acquire a brand new commercial property. The only commercial tenancy available in Palm Beach's premier new development. To be sold as a tenanted investment with a strong lease in place to a business with a long trading history and the added certainty and security of fixed 3% annual rental increases.

- 76sqm* office / retail suite in a brand new building
- Ground floor position in a prominent area
- 1 allocated car space plus street parking and opposite a large car park
- Direct walk in access from the street
- The only commercial opportunity in the building
- High traffic location at the base of a luxury apartment complex (approx 160 residents)
- Perfectly positioned next to the lobby entrance
- Strong depreciation benefits
- 250m* to the beach
- Easy access to Gold Coast Highway & the M1 Motorway
- 7km* south to Gold Coast International Airport
- Expected completion due early 2020.

Lease details:
- New 3 year lease in place from building completion
- 2 x 3 year options
- Net rent return: $37,620* pa
- Tenant to pay all outgoings
- Fixed 3% annual rental increases.

Alternatively at this early stage there is also an opportunity for an end user to purchase the property with vacant possession.

The ground floor commercial tenancy is part of the new development 'SEA Palm Beach', a luxury beach side building of 13 storeys with 63 residential apartments. Located just 250m* to the sand and surrounded by popular businesses, cafes, shops and dining.

Palm Beach has quickly become one of Queensland's most sought after beachside locations nestled between Tallebudgera and Currumbin Creek. Undergoing extensive gentrification, the area is fast becoming a premier beachside suburb. The location is serviced by an extensive road network and has easy access to both Gold Coast Highway and the M1 Motorway.

Offer to Purchase closing 6th March 2019 at 5pm QLD time, if not sold prior.

For more information, please contact exclusive listing agent Greg Watson 0417 757 442 or Tara Imlach 0452 418 343.

Ray White Commercial GC South
Servicing the Southern Gold Coast
*approximately