FOR SALE
Auction

403/18 Cypress Avenue
Surfers Paradise QLD 4217

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 100m2
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Auction Time
Mon 27 Jan 10:00 am
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Exceptional Retail Investment Opportunity - Must Be Sold at Auction!

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
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Property Details for 403/18 Cypress Ave, Surfers Paradise

Building Type
Commercial
Floor Size
100m2

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About Surfers Paradise 4217

The size of Surfers Paradise is approximately 6.3 square kilometres. It has 20 parks covering nearly 7.3% of total area. The population of Surfers Paradise in 2011 was 19,668 people. By 2016 the population was 23,688 showing a population growth of 20.4% in the area during that time. The predominant age group in Surfers Paradise is 20-29 years. Households in Surfers Paradise are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Surfers Paradise work in a professional occupation. In 2011, 41.5% of the homes in Surfers Paradise were owner-occupied compared with 39.9% in 2016.

Surfers Paradise has 25,361 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 57.93% increase in median value, while Units have seen a 99.12% increase. As at 30 November 2024:

  • The median value for Houses in Surfers Paradise is $2,098,210 while the median value for Units is $768,609.
  • Houses have a median rent of $745 while Units have a median rent of $675.
There are currently 398 properties listed for sale, and 91 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1647 properties were sold in the past 12 months in Surfers paradise.

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