Gold Coast shopfront sells just north of $1 million

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