ANZ & BOQ Banks, 24-28 Griffith Street, Coolangatta, QLD, 4225

100% ASX Tenanted Beachside Investment (ANZ & BOQ):

Rare freehold investment with two ASX listed tenants one block from Coolangatta beach.

Investment features include:
• Net Income: $252,586pa + GST
• 360sqm of total building area*
• 420sqm of land area*
• 5 year lease to ANZ to 2024 with options to 2034
• 7 year lease to BOQ to 2023 with options to 2028
• 100% leased to two ASX-listed companies
• Both tenants in first term of lease
• ANZ in 185sqm / BOQ in 175sqm*
• Both are boutique, small format, hi-tech, modern fit-outs
• Building extensively refurbished between 2016 & 2018
• 19.8m of valuable 'High Street' retail frontage*
• Dual street frontages (rear access from Chalk Street)
• 24 metre building height limit
• Mixed-use 'Centre' zoning (residential /retail /commercial)
• Residential density of 1 bed per 33sqm of land
• Irreplaceable CBD beachside position in Australia's 6th largest city
• 5 minutes drive to Gold Coast International Airport*
• Situated among national retailers such as Woolworths, ALDI, CBA, Westpac & NAB
• ANZ: Top 6 ASX-listed bank with $80+ billion market cap (Apr 2021)
• BOQ: ASX-listed bank with $5.5+ billion market cap (Apr 2021)
• Information Memorandum available upon request
• Genuine, motivated sellers

For Sale via Public Auction on Thursday 13 May 2021 at 11am (in-rooms at Colliers offices).

Contact James Crawford on 0423601063 for more information

*approximately
**Please note outlines are indicative only

Remember to mention you found this property on CommercialReady.com.au