5 Fifth Avenue Burleigh Heads QLD 4220

Under instructions from Newpoint Advisory as receivers appointed, Colliers is pleased to present 5 Fifth Avenue, Burleigh Heads, a high profile multi tenanted retail complex located on a 1,012m²* prominent beachside corner land holding.

Offering diversified holding income potential from 3 retail shops this holding boasts prominent Gold Coast highway frontage and onsite rear parking for 14 carparks.

Positioned within one of the Gold Coast most sought after residential precincts, this location offers very generous zoning provisions, with the existing area height limit being 53m, presenting exceptional re-development potential.

Property highlights include:
- 3 retail shops
- Tenants include 7-Eleven, a restaurant, plus an existing vacancy.
- High Profile beachside position adjoining McDonalds
- 389m²* lettable area
- 1,012m²* land area
- Within a 53m height precinct, offering major development upside potential
- 'Neighbourhood Centre' zoning allowing multiple uses (STCA).
- Net passing Income $73,782p.a* ($156,090p.a* projected net income upon 100% occupancy)
- Prominent corner position, high exposure to Gold Coast Highway, visibility to over 39,000* passing vehicles daily
- Very close walking distance to beach (100m*) and future G: Link station (300m*).
- Onsite rear parking for 14 cars
- Opportunity to Develop, landbank or hold and capitalise.
- Lot 22 on Plan 211052

For Sale via Auction Thursday 14th December 2023 at 11am (AEST).

Auction Location: Colliers Gold Coast
Level 2, 3184 Surfers Paradise Blvd, Surfers Paradise QLD 4217

Contact Collier's exclusive agents, Steven King OR James Crawford via the agent links for more information.

* All figures are approximate.
~ outlines indicative only.