This rare opportunity to secure this very well located, tenanted standalone 809 m2 freehold site, it’s not often that commercial properties on Currumbin Creek road are offered for sale.
The property has two tenants one being Tyrepower Currumbin + residential 2-bedroom unit on the second level.
The award-winning business of Tyrepower lease until Jan 2024 with 2 x 5-year options with
annual increases compounding at 3% per annum.
The property is on the market at $1,500,000 which is over an approximate 5.5% net return on investment. Given the location of the property, it being a stand alone site and the fact that very few of the Retail / Commercial properties in this area ever become available to purchase we believe this is a very strong attractive investment. Approximate Net income to the owner $83,443 + gst + outgoings.
Email us for a fully detailed information memorandum with video inspection included.
Don’t miss out, there has only been a handful of these properties that have changed hands in the last ten years, this property fronts Currumbin Creek Road with great exposure on this busy arterial road. Two minutes to Currumbin beachfront, one minute to the M1 Motorway & 4 minutes to the Gold Coast International Airport.