Gold Coast shopfront sells just north of $1 million

Gold Coast shopfront sells just north of $1 million
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 

Jonathan Chancellor

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.

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Commercial Sale Broadbeach

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