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Coolangatta CBD Multi Tenanted Commercial Investment - Net Income $73,039pa + Gst + OutgoingsProperty ID 1523783- For Sale by Public Auction 27th September 6.00pm - Currumbin RSL
- Multi-tenanted Retail Investment in Coolangatta's Main Street
- 3 X Tenanted Retail Shops to be sold in one line.
- Income $73,039 + gst + outgoings
- 152 sqm of Net lettable area (3 shops combined)
Ray White Commercial GC South are proud to present for sale by public auction this well positioned group of three tenanted retail shops in the centre of Coolangatta's thriving CBD to be sold in one line.
This unique opportunity comprises three retail shops totalling 152sqm (approx) with significant frontage to Griffith street. All three shops are currently tenanted to established traders including a Hair Salon, Asian Supermarket, and a Fashion Boutique.
This sound commercial investment currently shows a net return of $73,039 per annum plus gst plus all outgoings and is currently managed by Ray White Commercial GC South Asset Management.
The shops are positioned underneath the prestigious Oaks Calypso Resort which is located less than 100 metres from the famous Coolangatta Beach.
This rare main street multi-tenanted investment would be a great addition to your superannuation or investment portfolio.
For more information contact:
Ray White Commercial GC South
Shop 14-15 'The Strand' Griffith Street, Coolangatta QLD 4225
Servicing Northern NSW and the Southern Gold Coast
Key Information Tenancy Status Currently Tenanted Annual Yield (Gross) N/A (Marketed Without Price) Annual Yield (Nett) N/A (Marketed Without Price) Title Scheme Strata Title Depreciation Allowance $1 - $10,000 *** Other Information Year Built 2000 Council/Shire Gold Coast City Council Lots in Complex 15 Floor Types Ceramic Tiles Financial Details Water Charges (Annually) $4,609 Council Rates (Annually) $9,473 Strata Fees (Annually) $30,414 Other Costs (Annually) $44,506 * Total Annual Costs $89,003 * Nett Annual Income $-89,003 *
The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.
*** Total depreciation allowance is based upon information supplied by BMT Tax Depreciation Pty Ltd. The estimates are based on the Diminishing Value Method and uses general assumptions concerning construction type, quality and condition of inclusions. A full ATO compliant depreciation schedule should be prepared on the property to confirm exact depreciation entitlements.
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.