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Coolangatta

$3,250,000 - Net Return 8%

84-88 Griffith Street

100% LEASED FREEHOLD INVESTMENT ANCHORED BY NAB

Freehold - Retail - Investment

This prime corner freehold investment will show 8% net return at the asking price.

Longstanding National Australia Bank (NAB) have been in occupation of this landmark corner building in the heart of Coolangatta CBD for over a decade.

INVESTMENT DETAIL:
- Two tenants (NAB & Massage Therapist)
- NAB occupy 364sqm
- Massage Therapist occupy 78sqm
- Annual fixed rent reviews
- Outgoings paid by tenants.
- Net return 8% @ $3.25M

FEATURES:
- High exposed corner building with 3 street frontages
- Strategic location in the Centre of Coolangatta CBD
- Adjacent to abundant public car park.
- Retail banking chamber & ATM, and brand new lease to massage therapist with quality fit out.
- Single level retail building with 442sqm NLA
- Zoned Centre under Gold Coast LEP which allows for a wide range of retail and commercial uses.

PRICE:
$3,250,000 as a going concern reflecting 8% net return

Contact exclusive selling agents for full information memorandum.


Features

Outgoings 15000

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