OFF MARKET

84-88 Griffith Street
Coolangatta QLD 4225

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 477m2
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Property Details for 84-88 Griffith St, Coolangatta

Building Type
Commercial
Land Size
477m2
Local Government
Gold Coast City
Lot/Plan
42/RP100298

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

+ Thai Massage: recent 5 + 5 year lease to 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.

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Property History for 84-88 Griffith St, Coolangatta, QLD 4225

A timeline of how this property has performed in the market
Last Sold
$4,500,000
25 Jan 2024
Listed for Rent
$50k/w
27 Mar 2023
  • 25 Jan 2024
    Sold for $4,500,000
  • 29 Sep 2023
    Listed for Sale Contact Agent
  • 26 May 2021
    Sold 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.
There are currently 50 properties listed for sale, and 41 properties listed for rent in Coolangatta on OnTheHouse. According to CoreLogic's data, 292 properties were sold in the past 12 months in Coolangatta.

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