2/9 Beach Road Surfers Paradise QLD 4217

Burgess Rawson are pleased to offer the Diggers & Sports Club located at 2/9 Beach Road, Surfers Paradise (Gold Coast) QLD 4217, for sale via Expressions of Interest closing Wednesday 2 April 2025 at 3pm AEST.

The property has the following investment highlights:

+ Renewed six (6) year net lease to Diggers & Sports Club to September 2027 plus two (2) further five (5) year options to 2037
+ Diggers & Sports Club: popular Gold Coast hospitality venue, on-site for 30+ years
+ 730 patron capacity venue across 2,243sqm* NLA with premium $3 million fit out completed in 2020, including restaurant refurbishment, venue rooms & 67 gaming machines
+ Significantly under rented with an uncapped market review in 2027 offering substantial rental upside
+ Tenant responsible for 100% of outgoings, including land tax
+ Fixed compounding 3% annual rent increases
+ Perfectly positioned within 500m* of Paradise Shopping Centre and Circle on Cavill Shopping Centre, anchored by Woolworths, Novotel & Timezone
+ 51,092 residents* located within a 3km* radius, ensuring the strong trade of the tenant
+ Surfers Paradise: Australian tourism epicentre with over 4 million visitors annually, generating $7.7 billion in expenditure
+ Gold Coast: one of Australia's fastest growing cities, with a population forecast to exceed 1,000,000 residents by 2050 & $16.6 billion in planned future infrastructure projects
+ Net Income: $247,200 pa* + GST

For Sale via Expressions of Interest
Closing 3pm (AEST) Wednesday 2 April 2025

Please contact the exclusively appointed Burgess Rawson team for more information.