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7/120 Marine Parade Coolangatta, QLD 4225

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7/120 Marine Parade,
Coolangatta, QLD 4225

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Baskin-Robbins Gold Coast Beachfront Investment. Renewed Lease Plus Options to 2030.

  • Renewed lease with options to 2030
  • Tenant in occupation since 2005
  • High performing Baskin Robbins outlet
-Renewed lease commenced 20 March 2017 with options through to December 2030
- Tenant in occupation since 2005 – ice cream at the beach!
- Baskin-Robbins, the largest ice cream chain in the world, over 7,500 outlets
- Prime beachfront position directly adjoining McDonald's with other national tenants incl. Rip Curl, Gloria Jeans, BWS, Domino's, 7-Eleven and more
- High performing Baskin-Robbins outlet for 12 years in the prestigious 'Reflections' Coolangatta beachfront resort
- Established residential base and tourism hotspot just 25 km south of Surfers Paradise
- Easily managed single tenanted investment
- Ready for the 2018 Commonwealth Games – substantial infrastructure investment including new rail line
- Average 2.9% fixed increases over life of tenancy
- Net Income: $71,508 pa + GST (as at March 2017)

Auction 11am Tuesday 16 May 2017
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Property ID: 502346738Last Updated: 12 Jul 2017

07 3220 36...
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7/120 Marine Parade
Coolangatta, QLD 4225
Kelly & Co Property - Brisbane
Level 12, 324 Queen Street
BRISBANE CITY, QLD 4000

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