Trophy Blue-Chip Investment on Tedder Avenues Pole Position | 100% Leased with Significant Upside
Jared Johnson & Lachlan Marshall are extremely excited to present to the market Lots 1,2,3,6,7,10,11 & 12/20-22 Tedder Avenue, Main Beach. A beachside, blue-chip investment within one of Australia's most tightly held retail precincts.
'Main Beach Plaza' boasts 1,012m2 on Tedder Avenues pole position, a highly exposed corner site with incredible street frontage to a food, lifestyle, and fashion mecca which benefits from a high-density collection of luxury Residential developments in thriving Main Beach, a seaside suburb that is sought-after for its community feel and premier location.
The strong performing asset has major repositioning, rental & future development upside & offers a versatile configuration allowing for a multitude of tenant mixes and income streams, including Iconic tenant 'Shuck' The Gold Coasts signature seafood restaurant, who has occupied the premises for over 20 years.
Tedder Avenue has historically been regarded as one of the most tightly held, trendy and affluent retail catchments on the Gold Coast. The asset is only 300m to the surf & sand of the Main Beach beachfront & benefits from effortless access to an array of cafes, restaurants, shopping, parks, Marina Mirage & excellent transport links including the G-Link (Light Rail), Smith Street Motorway & the Gold Coast Highway.
This extraordinary offering incorporates the following key attributes:
• 100% Leased blue-chip multi-tenanted investment
• $544,019 p.a. + GST
• 641m2* NLA + 84m2* Exclusive use alfresco area
• Commanding corner site 1,012m2
• 6x Ground floor, street front retail lots with exclusive use alfresco areas (4 tenants)
• 2x First floor, office / studio lots (6 tenants)
• Major rental & future development upside
• Leased to a mix of long-standing businesses including high profile tenant 'Shuck' Seafood Restaurant who has occupied the premises for over 20 years
• Quality constructed building
• 26x Secure basement & on-grade carparks
• 8 out of 10 lots / 20-22 Tedder Avenue, Main Beach
• The strong performing asset provides excellent tenant retention fundamentals, further supported by strong fixed annual reviews
• Excellent transport links including the G-Link (Light Rail), Smith Street Motorway & the Gold Coast Highway.
Access to electronic due diligence information will be made available to approved parties upon request and incorporates a copy of the detailed information memorandum, lease agreements, and floor plans.
*Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracy or misstatements that may occur. Prospective purchases should make their own enquiries to verify the information contained herein.
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