12 & 13/120 Marine Parade
Coolangatta


Contact agent for details

Property Features


Building Size
150 m2

DUAL INCOME RETAIL INVESTMENT WITH RETURN $54,600 P.A


On offer this prime positioned strata retail investment positioned on the thriving retail front of Griffith Street Coolangatta.

This Investment is currently tenanted by two successful operators who are established traders.

FEATURES:

- 128 sqm + Alfresco > total area of 150sqm approx
- Prominent ground floor frontage to Griffith Street
- Attractive alfresco seating area for exclusive use of tenant.
- Prime strategic location under 'Reflection Tower' Coolangatta's premier 5 star address.
- Diverse dual income de risking the asset for owner.

TENANCY DETAILS:

- Shop 1 > Beauty Salon currently leased $41,599.92p.a + GST on a 5 year lease
- Shop 2 > Barrister Coffee Shop currently leased at $13,000p.a + GST
- Total Gross income = $54,599.92 p.a + GST .
- Net income approximately $28,406 p.a

PRICE:

OFFERS OVER $500,000 MUST BE SOLD SEEKING URGENT OFFERS.

This is a great opportunity to secure your piece of the pie at a great price in the Coolangatta's core retail precinct.

For further information please contact Chris Towers or James Francis.