SOLD
Sold on 07 Aug 2024 for $1,688,000

13/99 Griffith Street
Coolangatta QLD 4225

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 276m2
Land area: 599m2
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Property Details for 13/99 Griffith St, Coolangatta

Building Type
Commercial
Year Built
1998
Floor Size
276m2
Land Size
599m2
Local Government
Gold Coast City
Lot/Plan
13/BUP106741

Last Listing description (June 2024)

FREEHOLD RETAIL/HOSPITALITY OPPORTUNITY ON TWO TITLES

An outstanding freehold investment located in the heart of Coolangatta's CBD. This is your chance to acquire your very own restaurant in arguably the best dining precinct on the southern Gold Coast, this property ticks all the boxes for a secure, long term investment.

This is a fully-licensed restaurant with indoor and al-fresco seating for up to 140 patrons.

Situated within one of Coolangatta's best known tourist and dining destinations and in the fast moving, exciting and rapidly growing Southern Gold Coast.

This prime piece of real estate was owner operated and with the current owners now retired, the opportunity has presented itself for you to purchase this great property.

A perfect beachside location with indoor and alfresco dining areas. With not a lot of effort and some TLC from the new owners, you will create an inviting space. Alternatively, you could return the offering to two separate shop front retail spaces.

Everything is in place for a new owner to take over and start trading from day-one. A large commercial kitchen can handle multiple-orders and there is experienced staff in place if you want. Fully licensed with a variety of seating areas to create different spaces and these are perfect for private functions. The fit-out emphasis's the versatility and warmth of timber flooring and there is brilliant use of the colour and vibrancy throughout the restaurant.

FEATURES;

- Extremely rare retail freehold offering in the heart of Coolangatta
- 276sqm including covered alfresco dining area
- Brilliantly positioned prime freehold premises
- Huge foot traffic and pedestrian flow
- Surrounded by high-rise residential and holiday resorts providing a strong customer base
with locals and tourists
- High Signage & exposure
- Large fully openable window frontage to Griffith Street
- Air conditioned for your comfort
- Surrounded by thriving businesses
- Dynamic day/night dining in the centre of this coastal holiday precinct
- Trading until 12 am
- Approved Liquor License Restaurant/Bar
- Full commercial kitchen
- Owner Occupiers or Investors welcome

With limited opportunity for freehold restaurant/bar in core coastal CBD locations, this one is not to be missed.

This is a rare and unique opportunity to purchase in beautiful beachside Coolangatta.

Contact Exclusive Marketing Agent, Peter Antony at DJ Stringer Property Services to arrange an inspection.

Disclaimer:
All information contained herein is gathered from sources we believe to be reliable. DJ Stringer Property Services Pty Ltd and its staff will not be held responsible for any act or omission arising from the accuracy of such material. We cannot guarantee its accuracy and interested persons should rely on their own enquiries. Such enquires should include, but in no way limited & directed, to your legal representative, any local authorities, the Contract of Sale or Commercial/Retail Lease and in the event of a Unit, Strata Title or Community Title, refer to the Body Corporate, Community Management Statement & Disclosure Statement for any information on the property, Common Property & Exclusive use areas, that may directly or indirectly affect this property.

Property History for 13/99 Griffith St, Coolangatta, QLD 4225

A timeline of how this property has performed in the market
Last Sold
$1,688,000
07 Aug 2024
  • 07 Aug 2024
    Sold for $1,688,000
  • 27 Mar 2024
    Listed for Sale SOLD BY PETER ANTONY
  • 17 Jun 2022
    Sold for $950,000
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About Coolangatta 4225

The size of Coolangatta is approximately 1.8 square kilometres. It has 8 parks covering nearly 16.5% of total area. The population of Coolangatta in 2011 was 5,192 people. By 2016 the population was 5,959 showing a population growth of 14.8% in the area during that time. The predominant age group in Coolangatta is 60-69 years. Households in Coolangatta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coolangatta work in a professional occupation. In 2011, 44.9% of the homes in Coolangatta were owner-occupied compared with 48.2% in 2016.

Coolangatta has 6,106 properties. Over the last 5 years, Houses in Coolangatta have seen a 109.02% increase in median value, while Units have seen a 103.49% increase. As at 31 October 2024:

  • The median value for Houses in Coolangatta is $1,654,991 while the median value for Units is $1,234,151.
  • Houses have a median rent of $715 while Units have a median rent of $700.
There are currently 66 properties listed for sale, and 35 properties listed for rent in Coolangatta on OnTheHouse. According to CoreLogic's data, 268 properties were sold in the past 12 months in Coolangatta.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.