1097-1099 Gold Coast Highway, Palm Beach QLD

For Sale




1097 - 1099 Gold Coast Highway provides a rare opportunity to purchase a 724m2* beachside site in the heart of the Palm Beach retail and restaurant precinct. The property is located adjacent to the Palm Beach Surf Club and public car park and is surrounded by many popular restaurants, cafes and bars. The area services one the Gold Coast's wealthiest beachfront suburbs, which includes beachfront residences along Jefferson Lane.

The property is currently tenanted by four well known local tenants: a hairdresser (Paper Rokk); an artisan bakery (Mr Buttergoods); a cafe (Mr Bengals) and an upper level licensed restaurant and bar (Lester and Earl). Total net income is approximately $337,356.86* p.a. + GST.

* Brilliantly positioned prime fully leased freehold property with development upside
* Net Income $337,356.86* pa + GST
* 724*m2 land area with 797*m2 lettable area
* 6 shops with 4 tenants (fully leased)
* Located in the thriving Palm Beach beachside precinct
* Perfect corner location with easy access
* Rarely available and offering sensational ocean views
* Owners absolute determined to sell
* Don't miss this outstanding opportunity