84-88 Griffith StreetCoolangatta QLD 4225
Property Details for 84-88 Griffith St, Coolangatta
Last Listing description (November 2023)
Burgess Rawson is pleased to offer to the market 84-88 Griffith Street, Coolangatta QLD for sale via Private Treaty.
The property has the following investment highlights:
+ NAB: New 5 + 5 year lease to November 2033
+ Positioned in the heart of Coolangatta's main retail & resort precinct with 15 hotel/resorts within a 400m* radius
+ Promotively located corner site with three street frontages, providing huge exposure
+ Sought after 'Centre' Zoning, perfect for future redevelopment (STCA)
+ Fixed 3% rent increases ensuring future income growth
+ Directly across from Woolworths anchored 'The Strand' Shopping Centre supported by a dynamic mix of fashion, surf wear, supermarkets, gifts and homeware tenants
+ Only 2.8km* from the Gold Coast International airport with over 6.5 million visitors per annum^^
+ Coolangatta: The Gold Coast's southernmost city, has become a thriving shopping & holiday location
+ City of Gold Coast: Australia's sixth largest city with the population forecast to increase from 650,000 to 1 million by 2046^
+ Total Net Income: $226,505 pa* + GST
For Sale by Private Treaty.
Please contact the exclusively appointed Burgess Rawson team for more information.
^ www.goldcoast.qld.gov.au
^^www.goldcoastairport.com.au
*Approx.
Property History for 84-88 Griffith St, Coolangatta, QLD 4225
- 25 Jan 2024Sold for $4,500,000
- 29 Sep 2023Listed for Sale Contact Agent
- 26 May 2021Sold for $3,706,000
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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 6,202 properties. Over the last 5 years, Houses in Coolangatta have seen a 101.93% increase in median value, while Units have seen a 96.18% increase. As at 28 February 2025:
- The median value for Houses in Coolangatta is $1,636,314 while the median value for Units is $1,237,340.
- Houses have a median rent of $700 while Units have a median rent of $750.
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