21 Orchid Avenue, Surfers Paradise

* Standalone freehold building- 2 levels + basement
* 958m2* land area, central position in heart of Surfers Paradise entertainment precinct
* 2 tenancies, plus council approval for food kiosk in laneway, currently fully vacant
* Potential for $950,000*+ income when fully leased
* Unlimited height precinct – ample development potential, located very close to Hilton Hotel and Soul
* Current total internal area 1,808m2* (Nett lettable area 1,258m2* + 550m2* basement)
* Recently DA approved for extension, upon completion internal area will consist 2,075m2* (nett area 1,495m2*)
* Level 1 extension approved to accommodate live music venue/ nightclub
* Ground floor tenancy has $1 million plus fit out in place and is one of only premises on Orchid Avenue to provide a licensed ground floor venue
* Town planning approvals and liquor licensing approved for operating hours to 5am with both tenancies
* Well positioned in the heart of Australia’s favourite entertainment precinct
* Exceptional opportunity in a tightly held rarely available precinct

Steven King
0417 789 599

* Approximately

This property is being sold by auction or 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.