14 and 15/99 Griffith St,
Coolangatta, QLD 4225
Shops & Retail • Hotel, Motel & Leisure
Price information
Sold
$782,500
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Return
Map of 14 and 15/99 Griffith St
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.
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.
Additional information
External websites
Property ID: 500105716Last Updated: 12 Dec 2014
07 5559 97...![realcommercial.com.au logo](/listing-ui-assets/img/rca-logomark.svg)
14 and 15/99 Griffith St
Coolangatta, QLD 4225
REALspecialists Commercial - .PO Box 1331
COOLANGATTA, QLD 4225
COOLANGATTA, QLD 4225
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