Beachfront shop in Coolangatta sells for $725,000

Beachfront shop in Coolangatta sells for $725,000
Beachfront shop in Coolangatta sells for $725,000

A beachfront shop on the tourist strip in Gold Coast’s Coolangatta has sold for $725,000 through Ray White.

The 15/120 Marine Parade, Coolangatta, Qld 4225 property is tenanted by Beach Seafoods which is on a four-year lease with options to extend it twice. 

It has a land area of 91 sqm.

The net income after all expenses from the property is $52,838 plus GST with provision for annual CPI increases.

The selling agent was Dru Morgan of Ray White.

Tags: 
Retail Property Coolangatta

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?