403/18 Cypress Avenue SURFERS PARADISE QLD 4217

83 m2 100 m2
SOLD - $750,000

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Sold by Team Grbcic

Tony and Adam Grbcic from Kollosche Commercial, present this ideal tenanted investment opportunity located at 403/18 Cypress Avenue, Surfers Paradise for sale via a Private Treaty.

Located only a minute walk from the Light Rail, Surfers Paradise Beach and Surfers Paradise entertainment precinct, this property benefits from the high traffic location which provides exposure to the Gold Coast Highway and is only one block from Cavil Avenue and Ferny Avenue.

The Property comprises:
- Total Area: 100m2*
- 1 Exclusive Parking bay (on title)
- Well fitted tenancy with versatile fit out

The Investment Opportunity includes;
- Tenanted by Wellness and Beauty Retail Store
- 2 year lease term, expiring 10 January 2023
- Current Net Income: $60,676 + GST and 100% outgoings

This property is for sale, for $799,000. The price representing an 7.5% net return on purchase price.

For investors financing on a 30% LVR, assuming a 3% interest only investment loan, this opportunity would represent a circa 18% return on capital invested.

For more information, please contact Adam Grbcic from Kollosche.

Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

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403/18 Cypress Avenue

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