3173 Surfers Paradise Boulevard,
Surfers Paradise, QLD 4217

CBRE and Colliers are pleased to present to the market Paradise Avenue, situated within the heart of Australia’s number one tourist destination in Surfer’s Paradise, Gold Coast.

Paradise Avenue represents an opportunity to purchase, reposition and refurbish the existing retail and office accommodation.

• Comprises a total lettable area of 2,601sqm, which is currently 57% occupied.
• The property is currently underutilised and under rented, with potential to either maximise the commercial income via rent uplift and refurbishment or is suitable for an owner-occupier.
• Short term leases subject to demolition clauses representing a total WALE of 2.4 years*, providing short-term repositioning and re-leasing opportunities.
• High exposure site with over 47 metres of frontage along the 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 1,462sqm 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.
• Favourable office market conditions throughout the Gold Coast with vacancy rates at a 15-year low (6.4%) and some of the highest rental rates being achieved across the city.
• Fully leased net income of $193,882 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