Located at 403/18 Cypress Avenue, this exceptional 100m²* retail strata offers unparalleled exposure and an immediate income stream. Currently tenanted with a new 5 x 5-year lease at $60,000 per annum net, this property is perfect for investors seeking a solid, long term return. Situated directly opposite the $1.3 billion Meriton development (1,057 units) currently under construction, it benefits from a high traffic location, with 45,000 cars passing daily - ensuring incredible visibility for any business.
Key Features:
• 100m²* retail space with exclusive parking bay on Title (*83sqm Internal & 17sqm* of car park)
• $60,000pa* net income from a newly signed 5 x 5 year lease
• Exceptional exposure in a high traffic area
• Directly opposite the Meriton development, offering strong future growth potential
• Must be sold on or before auction
As the investor retail market shows signs of resilience and recovery, this is an outstanding opportunity to secure a strategically located, income generating asset in one of the Gold Coast's most desirable areas. With the ongoing development in the surrounding area, the potential for future growth is clear - making this an ideal investment or prime location for your business. Whether you're looking to capitalise on a solid rental return or secure a retail space with exceptional future potential, this property should not be missed.
*Approximately
Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
