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L1-3,6,7,10,11,12, 20-22 TEDDER AVENUE, Main Beach, QLD, 4217

2. Property Highlights

Trophy Blue-Chip Investment on Tedder Avenues Pole Position | 100% Leased with Significant Upside
  • $544,019 p.a + GST
  • Major rental & future development upside
  • Motivated seller

Jared Johnson & Lachlan Marshall from Harcourts Coastal Commercial 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.

Open for inspection EVERY THURSDAY 11:00am-11:45am leading up to Auction date.

The seller will entertain all unconditional offers prior to auction. If not sold prior, the property will be sold via Public Auction 11:00am on Wednesday the 13th of March 2024 at Harcourts Coastal Commercial office. Level 1/16 Queensland Avenue, Broadbeach. 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.

This extraordinary offering incorporates the following key attributes:

• 100% Leased blue-chip multi-tenanted investment

• To be sold in one line or individually

• $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.

For a copy of the detailed Information Memorandum, please contact the exclusive listing agents.

*Approximately

Disclaimer:

Harcourts Coastal Commercial 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 Beyond Commercial Pty Ltd trading as Harcourts Coastal Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

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3. Property Location

L1-3,6,7,10,11,12, 20-22 TEDDER AVENUE, Main Beach, QLD, 4217

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4. Due Diligence

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