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.

Sales Analysis*
Net Lettable Area:708m²*
Vendor:Developers
Sale Date:3rd July 2014
Enquiries:21

 

Sale Process:
Process:Expressions of Interest
Marketing Time Frame:4 weeks
EOI Close:29th April 2014
Marketing Budget:$51,705.00
Yield:8.46%
Sale Price:$2,350,000
Rate per square metre:$3,319/m²*

 

*approx