8/240 Varsity Parade Varsity Lakes QLD 4227

Shop & Retail
92 m²
Sold

AUCTION: Popular Café with Brand-New 7 Year Lease

$45,000 p.a Net Income
Lease Term Until Dec 2026 (7 Years)
Tenanted By Blackboard Coffee

Colliers International are excited to present the opportunity of acquiring a high profile, ground floor café that must be sold before or at Auction. Shop 8, 240 Varsity Parade, Varsity Lakes is a 92sqm café which has 7 years remaining on their initial lease term, followed by another 2 x 7 year options. Offered to the market as an income producing investment, this will suit both new and experienced investors.
The property is located within the lifestyle precinct of Varsity Lakes, only 650m away from the highly acclaimed Bond University (4,500 enrolled students in 2019). The suburb is also highly accessible for all commuters via direct highway access, train station/bus networks and it is only 20km (17-minute drive) away from Gold Coast Airport.
Investment Highlights:
Popular café with strong following
Great value for money investment
Located in the Varsity Lakes lifestyle precinct
* Highly motivated seller

For Sale via Auction, 9th April 2020 at 11.00am In-Rooms.
All areas, distances and figures are approximate.

*Approximate

Colliers International - Gold Coast

Level 2 Circle on Cavill

Surfers Paradise, QLD 4217

Property Highlights

Date Sold	18 Mar 2020
Floor Area	92 m²
Land Area	Ask Agent
Parking	Ask Agent
Property ID	2016144294
Category	Shop & Retail
Last updated	18 May 2020

Map for 8/240 Varsity Parade Varsity Lakes QLD 4227

Nearest transport* to 8/240 Varsity Parade Varsity Lakes QLD 4227

Bus

Train

Tram

Ferry

Lake St near Central Park Dr	218 m
Lake St near Central Park Dr	234 m
Varsity Pde at Assembly Drive	253 m
Varsity Pde at Assembly Drive	274 m

*Within a 4km radius

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Colliers International - Gold Coast

Level 2 Circle on Cavill

Surfers Paradise, QLD 4217

Property Highlights

Date Sold	18 Mar 2020
Floor Area	92 m²
Land Area	Ask Agent
Parking	Ask Agent
Property ID	2016144294
Category	Shop & Retail
Last updated	18 May 2020

Listed by

Colliers International - Gold Coast

Call

0449 769 742

More about 8/240 Varsity Parade Varsity Lakes QLD 4227

8/240 Varsity Parade Varsity Lakes QLD 4227 is categorized as Shop & Retail Property. It has a floor area of 92 m². The listing ID for this property is 2016144294.