![]() Asset Class: | Retail |
![]() Price: | $ 2700000 |
![]() Net Yield: | 8.75 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | On Market |
<p style=""><span style="color:rgb(0, 0, 0);">This exceptional commercial property presents a unique opportunity to acquire a premium retail space located within Focus Apartments, an award-winning multi-level residential building in Surfers Paradise. Boasting excellent frontage and exposure to The Esplanade, this asset is strategically positioned in one of Australia's most iconic and vibrant precincts.</span></p><p style=""><span style="color:rgb(0, 0, 0);">The property spans 630 square meters and is purpose-designed as a restaurant premise across two levels. It features a fully equipped kitchen, a bar area, a spacious open-plan seating area, an alfresco dining space, and toilet facilities. The premises are leased to The Moon Chinese Seafood Restaurant, a well-established tenant with over two decades of experience operating on the Gold Coast. Known for catering to both international and local clientele, the tenant is one of the region's most respected restaurateurs.</span></p><p style=""><span style="color:rgb(0, 0, 0);">This investment generates a net income of $218,928.37 per annum, with annual increases aligned with the CPI. Its prime location ensures reliable cash flow and offers significant potential for future growth, making this an exceptional investment opportunity for discerning buyers.</span></p>
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Is this lease a leaseback arrangement?
<span style="color:rgb(0, 0, 0);">Surfers Paradise, located on Queensland’s iconic Gold Coast, is renowned for its vibrant blend of lifestyle, tourism, and commercial opportunities. As a world-famous destination, it attracts millions of visitors annually, contributing to its robust economy and dynamic urban landscape. The area is home to a growing population, with the Gold Coast region surpassing 720,000 residents and projected to reach approximately 1 million by 2041. This rapid growth is driven by its appeal as both a residential and tourist hub.</span><br><span style="color:rgb(0, 0, 0);">The economy of Surfers Paradise is largely supported by tourism, hospitality, and retail industries, bolstered by a thriving construction and development sector. Major projects in the region include luxury residential developments, commercial precincts, and infrastructure enhancements such as the Light Rail expansion, improving connectivity across the Gold Coast.</span><br><span style="color:rgb(0, 0, 0);">The precinct is also a center for cultural and entertainment activities, hosting events like the Gold Coast Marathon and the Surfers Paradise Festival. With its pristine beaches, high-rise skyline, and iconic attractions like Cavill Avenue, Surfers Paradise remains a key contributor to Queensland’s economic and cultural identity. As investment in the region continues, Surfers Paradise is set to maintain its status as a premier destination for residents, businesses, and tourists alike.</span>
Additional Location Information File<span style="color:rgb(0, 0, 0);">The Moon Chinese Seafood Restaurant: </span><a style="color:rgb(0, 0, 0);display:inline;" target="_blank" href="https://social.quandoo.com/en/groups/The%20Moon%20Chinese%20Seafood%20Restaurant"><u>https://social.quandoo.com/en/groups/The%20Moon%20Chinese%20Seafood%20Restaurant</u></a> <br><br><span style="color:rgb(0, 0, 0);">The Moon Chinese Seafood Restaurant, situated in the upscale neighborhood of Paradise Waters on the Gold Coast, is renowned for its exquisite Chinese cuisine, with a special emphasis on seafood dishes. Having operated for over two decades, the restaurant has earned an impeccable 5.0 rating from customers and is especially celebrated for its exceptional evening service.</span>
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1/114 The Esplanade Surfers Paradise – 630 sqm - $347.50/sqm 59-61 Currumbin Creek Road Currumbin Waters – 656 sqm - $312/sqm 42 Nerang Street Southport – 1,320 - $725/sqm 63 Railway Street Mudgeeraba – 418 sqm - $310/sqm 4/240 Varsity Parade Varsity Lakes – 104 sqm - $500/sqm
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(38, 38, 40);"><p style="display:inline;"><span style="color:rgb(38, 38, 40);font-weight:normal;font-style:normal;">Retail Building</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(38, 38, 40);"><p style="display:inline;"><span style="color:rgb(38, 38, 40);font-weight:normal;font-style:normal;">Experienced Gold Coast operator</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(38, 38, 40);"><p style="display:inline;"><span style="color:rgb(38, 38, 40);font-weight:normal;font-style:normal;">Premium beachside location</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(38, 38, 40);"><p style="display:inline;"><span style="color:rgb(38, 38, 40);font-weight:normal;font-style:normal;">Large scale developments in the immediate area</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Fully equipped kitchen and bar area.</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Spacious open-plan seating area and alfresco dining space.</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(38, 38, 40);"><p style="display:inline;"><span style="color:rgb(38, 38, 40);font-weight:normal;font-style:normal;">Total area 630 sqm across two levels</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(38, 38, 40);"><p style="display:inline;"><span style="color:rgb(38, 38, 40);font-weight:normal;font-style:normal;">Net Income - $218,928.37</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(38, 38, 40);"><p style="display:inline;"><span style="color:rgb(38, 38, 40);font-weight:normal;font-style:normal;"> per annum</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(38, 38, 40);"><p style="display:inline;"><span style="color:rgb(38, 38, 40);font-weight:normal;font-style:normal;">Annual Rental Increases - CPI</span></p></li></ul>