Ray White Commercial Gold Coast is pleased to present to the market for sale by Public Auction this solid retail investment. The property is situated on the busy Tamborine - Oxenford Road in Upper Coomera within the fast growing northern end of the Gold Coast with easy commute via M1 to Brisbane. Estimated population within the 10km radius is 150,000 and rapidly growing.
This complex includes five retail outlets, within a walking distance to an established Childcare Centre and The United Petroleum Service Station.
The existing retail tenants include Subway, Patty Smiths Burgers, Remedial Massage and an Indian Restaurant .
Property features:
Land size: 1975 sqm*
NLA: 303 sqm*
Net annual income $154,228* p/a approx.
Contemporary design
Solar panels on the roof
Modern glass shop fronts
Air-conditioning
Access to services such as 3 phase power, grease trap, gas
Visitor car parking
Excellent signage and exposure
Current leaseholds:
Tenancy 1: 69m2* - Patty Smith Burgers
Tenancy 2. 64M2* - Subway
Tenancy 3. 63m2* - Rental guarantee
Tenancy 4. 66m2* - Indian Restaurant
Tenancy 5: 41m2* - Nippon Remedial Massage
Information on rental income is available on request.
*Approx.
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.
Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
The size of Upper Coomera is approximately 23.8 square kilometres. It has 54 parks covering nearly 9.6% of total area. The population of Upper Coomera in 2011 was 21,136 people. By 2016 the population was 25,281 showing a population growth of 19.6% in the area during that time. The predominant age group in Upper Coomera is 0-9 years. Households in Upper Coomera are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Coomera work in a trades occupation. In 2011, 51.5% of the homes in Upper Coomera were owner-occupied compared with 53.3% in 2016.
Upper Coomera has 10,011 properties.
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