2-8 Creek Street, Coolangatta – Kirra Surf

* Head Lease to a wholly owned subsidiary of Billabong International Limited
* Volumetric title 36,451m3*, minimal shared common area fees
* Gross lettable area of 6,770m2* inclusive retail basement parking and retail common area
* 15 year lease until 5/12/2023
* Current year 7 base rent income $921,407 pa
* $1,199,920 base rent income as at 5/12/17 with 5% annual increases thereafter
* Turnover rent incentives in addition to base rents quoted
* 85 basement carparks on title and exclusive to commercial area
* Tenant subleases restaurant / caf tenancy (325m2* NLA + 119m2 alfresco area)
* Inclusive 2 residential Apartments (Lot 101- Internal area 109m2* with external 436m2* – 3 bedroom with exclusive pool area and extensive private decks and amazing views to surfers and Coolangatta, Lot 001 – Internal area 109m2* 1 bedroom + balcony)
* One of the world’s largest most iconic surf stores, well positioned near Gold Coast Airport, Brisbane, Surfers Paradise and Byron Bay
* Strong long term passive investment

*Approximately

This property is being sold without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.