403/18 Cypress Avenue Surfers Paradise
Retail

403/18 Cypress Avenue
Surfers Paradise 4217

SOLD - $750,000
    • 1
    • 83
    • 100
403/18 Cypress Avenue Surfers ParadiseSold
SOLD - $750,000
  • 1
  • 83
  • 100

Sold by Team Grbcic

403/18 Cypress Avenue Surfers Paradise
403/18 Cypress Avenue Surfers Paradise
403/18 Cypress Avenue Surfers Paradise
403/18 Cypress Avenue Surfers Paradise
403/18 Cypress Avenue Surfers Paradise
403/18 Cypress Avenue Surfers Paradise
403/18 Cypress Avenue Surfers Paradise
403/18 Cypress Avenue Surfers Paradise

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.

Disclaimer:

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.

Adam Grbcic

Adam
Grbcic

Commercial Sales Consultant

Tony Grbcic

Tony
Grbcic

Commercial Sales Consultant

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403/18 Cypress Avenue Surfers Paradise

403/18 Cypress Avenue Surfers Paradise

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Property Features

  • Close to Transport
  • Close to Shops
  • Close to Schools
  • Car Parking - Basement
  • Disabled Access
  • Toilet Facilities

Outgoings

  • Council Rates - $3277 per year
  • Water Rates - $1033 per year
  • Strata Rates - $5760 per year

Location

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