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

The Forum represents an opportunity to purchase, reposition and refurbish the existing retail and office accommodation.

• The property comprises 2,707sqm of ground and basement level retail with recently upgraded shop fronts. Significant value uplift opportunities via replacing the short-term under-rented leases with new long-term leases.
• Additionally, the 2,155sqm five-level office tower and podium in the south-eastern portion of the site requires refurbishment.
• 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.
• A total lettable area of 4,862sqm which is currently 57% occupied.
• Short term leases subject to demolition clauses represent a total WALE of 1.2 years*, providing immediate repositioning and re-leasing opportunities.
• 32 basement car bays.
• High exposure site with a combined street frontage of over 77 metres along Orchid Avenue and 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 2,612sqm 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.
• Fully leased net income of $490,455 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