57, 22 Orchid Avenue, Surfers Paradise, QLD, 4217

Jackson Rameau and Michael Willems from RWC Gold Coast are pleased to present lot 57/22 Orchid Avenue, Surfers Paradise, QLD. The property features 587m2* of net lettable area situated in 'La Promenade' currently occupied by a tenant operating as the Fabric Nightclub. Offering an irreplaceable opportunity in the heart of Surfers Paradise. This property presents a rare chance to capture Queensland's capital of nightlife, home to iconic events like Schoolies and renowned as the 'party capital' of one of Australia's fastest-growing regions.

KEY FEATURES INCLUDE:

• 587m2* NLA situated in the 'La Promenade' leased to tenant operating the Fabric Nightclub

• 10 year lease (commenced in March 2022) + 10 year option until March 2042

• Current Gross Rent $375,000* per annum + GST

• Rent to increase to $400,000* per annum + GST from 15 March 2025

• 4% fixed increases per annum from start of 5th rental year (2026)

• Potential for 'Additional Rent' based on profit share agreement in lease

• Tenants hold a current liquor license to operate between 10am to 3am Monday to Sunday

• Six (6) exclusive basement car parks

• Only 350 metres* from the world-famous Surfers Paradise Beach

• Exceptional connectivity to transportation, with proximity to Surfers Paradise Light Rail Station and easy access to

major transportation links

• Located in the heart of one of Australia's fastest-growing regions and premier tourist destinations

• Surfers Paradise has approximately 26,000* permanent residents and over 4 million* tourists annually

• Receivers and Managers appointed

Offered for sale via Public Auction, to be held 10am Wednesday 30 October 2024 In Rooms, Level 3/50 Cavill Avenue, Surfers Paradise QLD. For more information or to arrange a private inspection, please contact the exclusive marketing agents Jackson Rameau on 0438 451 112 or Michael Willems on 0412 240 176.

*Approximately. All measurements and amounts are approximate only. All prospective purchasers must undertake their own due diligence.

Disclaimer:

Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers/lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility. This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Remember to mention you found this property on CommercialReady