38 Cavill Avenue,
Surfers Paradise, QLD 4217
Offices • Shops & Retail • Development Sites & Land
Price information
Sold
$6,100,000
Key property information
Land area
Floor area
Car spaces
Parking info
Property extent
Tenure type
Sold on
Colliers - Gold Coast
Level 2 Circle on Cavill, 3184 Surfers Paradise BoulevardSURFERS PARADISE, QLD 4217
04177895...
38 Cavill Avenue
Surfers Paradise, QLD 4217
Map of 38 Cavill Avenue
Freehold Commercial/Retail CBD Building
- 6-Level Commercial/Retail Building
- 2,600sqm* Total Lettable area
- $741,710 p.a* Projected Net Income
*SOLD*
Comprising a 6-level mixed use commercial/retail building prominently positioned within the heart of the Surfers Paradise central business district, 38 Cavill Avenue is a strata titled, quality building consisting in total of 11 lots. The ground retail arcade area (Lots 1 to 7) links with the adjoining RSL Building and offers public access through to Beach Road. The office areas offer a separate street front entrance and comprise 5 upper level single lot floor plates ranging from 361 - 432sqm* with tandem lift access.
The key investment highlights include:
- 6-level mixed use commercial/retail building
- Brilliant reposition opportunity with diversified income stream
- Substantial holding income across retail and office tenancies
- Current Net income: $405,155 p.a. + Outgoings + GST (Projected Net Income: $747,710 p.a. + Outgoings + GST)
- 63% Occupancy by area
- Total Lettable area: 2600.2sqm* (Retail: 487.8sqm*; Office: 2,112.4sqm*)
- Ground floor retail arcade area with 7 shops
- 5 levels of offices
- Land area 888sqm*– Zoned ‘Centre’
- 27 secure basement car bays (rare access via Beach Road)
- Well positioned in the heart of Surfers Paradise, Australia’s tourist capital and within metres of the Gold Coasts most prominent business office tower (50 Cavill Avenue)
- Separate commercial entrance fronting Cavill Avenue with two lifts
- Located less than 100m from light rail station and within a short distance of Cavill Mall and the world famous Surfers Paradise Beach
- Reposition potential for future back packer/student/accommodation type alternate use
- Motivated sellers
Contact James Crawford on 0423 601 063 or Steven King on 0417 789 5... for further information or to arrange an inspection.
*approximately
^Please note outlines are indicative only
Comprising a 6-level mixed use commercial/retail building prominently positioned within the heart of the Surfers Paradise central business district, 38 Cavill Avenue is a strata titled, quality building consisting in total of 11 lots. The ground retail arcade area (Lots 1 to 7) links with the adjoining RSL Building and offers public access through to Beach Road. The office areas offer a separate street front entrance and comprise 5 upper level single lot floor plates ranging from 361 - 432sqm* with tandem lift access.
The key investment highlights include:
- 6-level mixed use commercial/retail building
- Brilliant reposition opportunity with diversified income stream
- Substantial holding income across retail and office tenancies
- Current Net income: $405,155 p.a. + Outgoings + GST (Projected Net Income: $747,710 p.a. + Outgoings + GST)
- 63% Occupancy by area
- Total Lettable area: 2600.2sqm* (Retail: 487.8sqm*; Office: 2,112.4sqm*)
- Ground floor retail arcade area with 7 shops
- 5 levels of offices
- Land area 888sqm*– Zoned ‘Centre’
- 27 secure basement car bays (rare access via Beach Road)
- Well positioned in the heart of Surfers Paradise, Australia’s tourist capital and within metres of the Gold Coasts most prominent business office tower (50 Cavill Avenue)
- Separate commercial entrance fronting Cavill Avenue with two lifts
- Located less than 100m from light rail station and within a short distance of Cavill Mall and the world famous Surfers Paradise Beach
- Reposition potential for future back packer/student/accommodation type alternate use
- Motivated sellers
Contact James Crawford on 0423 601 063 or Steven King on 0417 789 5... for further information or to arrange an inspection.
*approximately
^Please note outlines are indicative only
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Property ID: 503571222Last Updated: 17 Sep 2021
Colliers - Gold CoastLevel 2 Circle on Cavill, 3184 Surfers Paradise Boulevard
SURFERS PARADISE, QLD 4217
SURFERS PARADISE, QLD 4217
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