The subject opportunity is a Quality Retail Investment situated ground floor of Ambience on Burleigh.
Ambience on Burleigh is a unique, luxury mixed use development comprising of Hotel, Liquor shop and retail area on ground floor with 94 luxury apartments (owner occupier and holiday let) between two residential towers atop the podium level; it is located directly across from the beautiful Burleigh Heads Beach with the retail area fronting Gold Coast Hwy.
The retail opportunity consists of 7 Shops, of which 6 shops are leased to the Salvation Army (Lots 1 & 2) and First Choice Fitness (Lots 3, 4, 5 & 6). One shop (Lot 7) is vacant.
The nett combined income is $199,033*, not taking into account Lot 7. The total nett lettable area (NLA) of the 7 shops is 708m²*.
The retail opportunity has 43* exclusive use car parks, and is opposite 210* council car parks.
The retail area benefits from exposure to 29,628* cars daily.
|Net Lettable Area:||708m²*|
|Sale Date:||3rd July 2014|
|Process:||Expressions of Interest|
|Marketing Time Frame:||4 weeks|
|EOI Close:||29th April 2014|
|Rate per square metre:||$3,319/m²*|