Zarraffa’s Coffee signs 10 year Gold Coast lease

The expanding Zarraffa’s Coffee chain has signed a 10 year lease for a new coffee shop at 175 Ferry Road in the recently refurbished Southport Park Village in Southport on the Gold Coast.

Industry sources indicated the rental was approximately $675 square metres gross for the 160 square metre site which includes external seating and a drive through area.

The deal, which includes two, five-year renewal options, was negotiated by CBRE’s retail nanager Kevin Ramsey.

The new store is located on a transport corridor, directly across from The Southport School, at 175 Ferry Road.

Zarraffa’s Coffee founder and CEO, Kenton Campbell selected the area specifically due to its strategic location and accessibility. 

“Site selection is critical to the success of our drive thru operations and we seek to ensure all stores are positioned in accessible locations that enjoy close proximity to both residential areas and major thoroughfares,” he says. 

Zarrafa’s operates an existing Ferry Rd store, opened in 2009 located on the corner of Cotlew Street and Ferry Road. It will continue to operate in tandem with the new site to service commuters and local residents in the vicinity. 

Ramsey says Southport Park Village’s location - close to a number of schools and exposure to thousands of vehicles has driven significant tenant interest. 

He says negotiations have commenced with a dental clinic, gym and beauty services tenant.

Tenancies at Southport Park Village range in size from 35 square metres to over 250 square metres while rents range from $500 to $675 per square metre for retail and $300 to $400 per square metre for commercial office tenancies.

Zarraffa's has around 50 stores across South East Queensland.

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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