The subject property is a retail complex consisting of 10 tenancies in a modern 2 level freehold building.
The property is located within the exclusive Main Beach Shopping Precinct of the Gold Coast and was sold at Auction in 2012 by Wayne Devenport of Ray White Commercial Southport for $5,600,000.
The property in Tedder Avenue was developed in 1999 and provides 10 retail shops. The property occupies a 1,106m²* site, has 2 levels of car parking comprising 54 spaces and a total net lettable floor area of 720m²*.
The occupies a major corner of the Tedder Avenue shopping and commercial precinct.
The sale is indicative of purchasers seeking quality opportunities within the local shopping area.
The national and locally focussed marketing campaign generated approximately 20 enquiries from a variety of sources.
The marketing campaign drew 8 formal inspections resulting in 5 registered bidders on auction day, leading to a successful sale under the hammer at $5,600,000.