1/25 Orchid Avenue, Surfers Paradise, QLD, 4217

FOR SALE $3,200,000 | FOR LEASE $185,000 p.a. + GST (gross)

A rare freehold, fully fitted retail frontage on Orchid Avenue, Surfers Paradise — one block from the sand and about 200 m from Cavill Avenue light rail station. Buy it with vacant possession, or lease it and start trading straight away.

THE PROPERTY

• 281 m² freehold — 214 m² ground floor plus a 67 m² mezzanine (Lot 1 on BUP7339, one of only two lots in the building)

• Double-height glazed shopfront with strong street exposure

• Ground-floor showroom with feature staircase, display counters and joinery

• Mezzanine with open-plan space, an office or consulting room and back-of-house admin

• Rear storage and patio

• New split-system and ceiling-cassette air-conditioning

FOR SALE — $3,200,000

Vacant possession: occupy it yourself, or lease it out and hold it. At the quoted rent it shows a gross return of about 5.8% on the asking price (before outgoings).

• Centre zone with no mapped height limit (HX), inside the Light Rail Urban Renewal Area

• Known costs: body corporate $20,000 p.a. (building insurance included), council rates approx. $34,700 p.a., water approx. $2,000 p.a. — no special levies or arrears

• Signed Seller Disclosure Statement (Form 2) available on request

FOR LEASE — $185,000 p.a. + GST, gross

Outgoings included — about $658/m² p.a. across 281 m². Already fitted, so you can open quickly. Suits retail, showroom, food and drink, health, beauty or medical, tourism or a professional office (subject to approval). Term, options and reviews are negotiable.

THE LOCATION

On the palm-lined Orchid Avenue dining, retail and nightlife strip, a short walk to Cavill Mall, the Paradise Centre and The Esplanade. Capital is returning to the precinct: Lido Lane opposite has been refurbished and re-leased, the Paradise Centre sold for $346.5M, and Council has committed $100M to upgrading Cavill Mall, Cavill Avenue and The Esplanade.

The full Information Memorandum is available — inspections by appointment.

Oktay Vali | 0424 674 031 | [email protected]

Uses are subject to Council and body corporate approval. Areas are approximate. Buyers and tenants should make their own enquiries.

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