Surfers Paradise Beach shop sells for $110,000 at auction

A PHONE bidding investor from rural Canberra has snapped up a shop just a hop, skip and a jump from Surfers Paradise Beach for $110,000 under the hammer, at Lot 18/9 Trickett Street.

The 20sq m* shop, that was sold as vacant possession, offered buyers the opportunity to run their own business or to lease out.

The property was marketed and sold by Ray White Surfers Paradise Commercial Sales Specialist Jackson Rameau.

Mr Rameau said the asset, that was the 18 year old’s first ever listing that sold under the hammer within 30 days, attracted a lot of nationwide interest throughout the campaign.

“There was a real buzz around the auction with six registered bidders, three of which were active, battling it out for what was a great investment opportunity,” he said.

“The bidding opened at $80,000, and five bids later, the asset sold for $110,000 to a rural Canberra-based investor who plans on leasing the site out.

“The property is in the heart of Surfers Paradise, right beside the Spirit development site which gives the property potential future development upside, high traffic flow and a vibrant location.

“It’s only 50* metres from Surfers Paradise Beach, so a literal stone’s throw away, meaning tourists and locals alike will have exposure to the asset.

“Given the prominent location along the Glitter Strip, and the fact it came with dual-access and had air-conditioning already installed, there’s no surprise we had more than 40 enquiries throughout the campaign.”

*Approximately.