Contact the agent if you'd like further information.
Two Retail Offerings - Income Producing & Vacant Possession Opportunities
- Building: 74m²
Next Steps:Enquire with agent
Diversify your portfolio - the opportunity exists to purchase a retail holding within Southport's Sundale Precinct. Two tenancies available offering the opportunity of a tenanted investment (412) or vacant possession (411) offering a blank canvas for an owner occupier.
Fully-fitted 128m2* of internal restaurant space plus 88m2* exclusive use alfresco area
Prominent Corner tenancy with strong exposure to Como Cresent, Queen Street and Meriton Sundale Precinct
Complete operational fit-out includes all service connections, functional cool-room facility, fully-equipped commercial kitchen, wood-fired pizza oven plus further equipment and chattel
Brand new three (3) year lease (March 2021 expiry) with 2 x three (3) year options generating $85,921.00 net per annum + outgoings + GST
* 74m2* plus 28m2* exclusive use alfresco area
* Previously used as a restaurant, existing fittings include large stainless extraction canopy, grease-trap connection, plumbing and gas plus substantial stainless steel fittings throughout kitchen
* Falling with the Meritons massive Sundale Development, tenancy location offer reach to 2000 residential apartments, all within a short 5 minute walk
* Potential to operate under QLD (small) bar licence (STCA)
* Frontage to Queen Street and prominent exposure to Broadwater Parklands Light Rail Station
* Central Southport location offering strong growth forecast with recent major infrastructure upgrades, community green spaces rejuvenation and completion of the recent Meriton Sundale Precinct offering 2,400 apartments
* Overseas owners instructions are clear - these tenancies must be sold. Disregard all previous prices, all reasonable offers will be considered
Please contact the listing agent for more details by clicking on the link above.
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.
Next Steps:Enquire with agent
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.