14 and 15/99 Griffith St,
Coolangatta, QLD 4225

Shops & Retail • Hotel, Motel & Leisure

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$782,500

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Map of 14 and 15/99 Griffith St

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8.5% net return - Investment Property with long term business as tenant for over 20 years

http://drumorgan.raywhite.com/qld/coolan

Centrally located in Coolangatta's main street ,the tenant is one of Coolangatta's longest running restaurants having been established for over 20 years.

Last year the business signed a new long term lease for their premises at $77,025pa + gst + all outgoings except strata sinking fund $4604pa leaving a genuine net income to the landlord of $72,421pa.

The premises comprises 135sqm on title and 203sqm of exclusive use alfresco area giving a total usable area of 338sqm of prime Coolangatta real estate in the middle of the main street.

Call Dru Morgan today on 0418 185 484.

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Property ID: 500105716Last Updated: 12 Dec 2014

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