Gold Coast shopfront sells just north of $1 million
Jonathan ChancellorDecember 7, 2020
A Hong Kong investor has secured a 123 sq m tenanted retail property in Broadbeach CBD on the Gold Coast for just over $1 million.
The ground-floor property at 3/90 Surf Parade earns a net annual rent of $63,682 representing a yield of 5.8 per cent.
Ray White’s Steven King handled the deal for a Melbourne-based investor.
It had last sold at $690,000 in 1998
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.