Lido Arcade, 24 Orchid Avenue,
Surfers Paradise, QLD 4217
Development Sites & Land • Shops & Retail
Price information
Sale - Expression of Interest
EOI closing 27 June 2024
Detailed listing
Key property information
Land area
Floor area
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CBRE - Gold Coast
Level 18, 50 Cavill AvenueSURFERS PARADISE, QLD 4217
Lido Arcade, 24 Orchid Avenue
Surfers Paradise, QLD 4217
Detailed listing
Map of Lido Arcade, 24 Orchid Avenue
Tram stops within 5 km of Lido Arcade, 24 Orchid Avenue, Surfers Paradise, QLD 4217 Distance Cavill Avenue 170 m Northcliffe 1.1 km Nerang Street 3.9 km GLink 3.9 km POWERED BY HERE ©Bus stops within 5 km of Lido Arcade, 24 Orchid Avenue, Surfers Paradise, QLD 4217 Distance Surfers Paradise 282 m Surfers Paradise Coach Transit Centre, Beach Rd 377 m Surfers Paradisecypress Ave 378 m Ferny Ave at Palm Avenue 471 m Remembrance Dr at Bruce Bishop Car Park 472 m POWERED BY HERE ©
POWERED BY HERE ©
REPOSITION, REFURBISH AND FUTURE DEVELOPMENT
- Prime CBD location
- Retail arcade with 20 residential flats
- Significant value-add potential
CBRE and Colliers are pleased to present to the market Lido Arcade, situated within the heart of Australia’s number one tourist destination in Surfer’s Paradise, Gold Coast.
Lido Arcade represents an opportunity to purchase, reposition and refurbish the existing retail arcade and 20 residential flats.
• Comprises 799sqm of ground floor NLA configured across 18 retail tenancies which are currently 39% occupied.
• 20 one and two bedroom residential flats on first and second floors.
• Short term leases subject to demolition clauses represent a total WALE of 1.1 years*, providing immediate repositioning and re-leasing opportunities.
• Suitable for an owner occupier of major retail use.
• Dual 15 metre frontages along Orchid Avenue and Surfers Paradise Boulevard with convenient access to the Light Rail.
• ‘Centre’ zoning under the Gold Coast City Plan.
• The property is positioned on a substantial 1,182sqm landholding situated approximately 200m from the famous Cavil Mall and Surfers Paradise beach.
• More than 10 million tourists visit the Gold Coast each year, contributing $5.9 billion to the local economy. The Gold Coast is Australia’s sixth largest city with a population of over 647,000 and a Gross Regional Product of $40 billion. It also comprises enviable weather, spectacular beaches and a desirable lifestyle.
• Net passing income of $94,301 per annum.
• Fully leased net income of $364,692 per annum.
The property is for sale by Expressions of Interest closing on Thursday 27th June 2024 at 4:00pm.
For more information please contact the exclusive agents.
(All areas, outlines, distances, numbers are approximate only)
* As at 1 July 2024
Lido Arcade represents an opportunity to purchase, reposition and refurbish the existing retail arcade and 20 residential flats.
• Comprises 799sqm of ground floor NLA configured across 18 retail tenancies which are currently 39% occupied.
• 20 one and two bedroom residential flats on first and second floors.
• Short term leases subject to demolition clauses represent a total WALE of 1.1 years*, providing immediate repositioning and re-leasing opportunities.
• Suitable for an owner occupier of major retail use.
• Dual 15 metre frontages along Orchid Avenue and Surfers Paradise Boulevard with convenient access to the Light Rail.
• ‘Centre’ zoning under the Gold Coast City Plan.
• The property is positioned on a substantial 1,182sqm landholding situated approximately 200m from the famous Cavil Mall and Surfers Paradise beach.
• More than 10 million tourists visit the Gold Coast each year, contributing $5.9 billion to the local economy. The Gold Coast is Australia’s sixth largest city with a population of over 647,000 and a Gross Regional Product of $40 billion. It also comprises enviable weather, spectacular beaches and a desirable lifestyle.
• Net passing income of $94,301 per annum.
• Fully leased net income of $364,692 per annum.
The property is for sale by Expressions of Interest closing on Thursday 27th June 2024 at 4:00pm.
For more information please contact the exclusive agents.
(All areas, outlines, distances, numbers are approximate only)
* As at 1 July 2024
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If you'd like to inspect this property in person, please to arrange a private inspection.
Property ID: 504603596Last Updated: 13 Jun 2024
CBRE - Gold CoastLevel 18, 50 Cavill Avenue
SURFERS PARADISE, QLD 4217
SURFERS PARADISE, QLD 4217
Colliers - Gold CoastLevel 2 Circle on Cavill, 3184 Surfers Paradise Boulevard
SURFERS PARADISE, QLD 4217
SURFERS PARADISE, QLD 4217
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