Outstanding opportunity to acquire this unique holding comprising of (5) individual commercial premises presented right on the oceanfront esplanade.
Forming part of the 'Nioka' complex, this commercial freehold parcel sits elevated aloft a prime 680m2 allotment, shared by just (6) residential apartments above the shops.
- 5 x retail shops to be sold in one line (approximately 306m2 Net lettable space)
- 5 x car spaces included
- All occupied & fully leased
- Net rental income of over $174,000 PA + GST + outgoings
- Ideal super fund & or strategic investment, with plenty of upside
- Separate opportunity to also acquire a (2) bedroom podium unit, which occupies the entire level directly above, only if required
- Residential lease for 12 months @ $48,000 PA for the apartment can be secured, if applicable.
Magnificent ocean front position, right on the Currumbin esplanade (corner Murraba St) within this small & thriving exclusive village, which is home to some of the most luxurious properties on the coast.
Your integral holding, which forms part of just a handful of commercial options available on this beach front, is a just short stroll to Currumbin Vikings Surf club & the Wildlife Sanctuary.
Beach lovers and surfers flock to this beautiful location all year around to take advantage of uncrowded beaches & ripping right hand point breaks that peel off from 'Currumbin Alley'.
Coolangatta Airport is less than 10minutes from your front door as too the Southern Cross University - Byron is 40mins South, Surfers less than 30mins North & Brisbane Airport about an hour thereafter.
If you are looking to invest in Blue Chip real estate, then this is it.
Coupled with its current tenancy mix & underpinned by your shareholding of this superb beach front allotment, you can be assured of stable income and continued capital growth.
This top shelf property certainly deserves its place within your portfolio.