Stonebridge is proud to exclusively present for sale Cavill Lane, offering a rare opportunity to acquire a trophy retail investment in the heart of the world class tourist destination, Surfers Paradise, Gold Coast, together with valuable CBD parking. Cavill Lane comprises a vibrant two-level volumetric title/stratum retail asset directly below the luxury 5-star Hilton Hotel and centrally positioned in Surfers Paradise’s most sought-after dining, entertainment and accommodation precincts.
The key highlights of this opportunity include:
- Premier retail investment in leading tourism destination, comprising 4,344 sqm* of floorspace across 2 levels
- Complementary mix of 28* F&B, entertainment, retail services and convenience retailers including national brands such as Thirsty Camel, The Coffee Club and ANZ
- Valuable income-generating basement car parking included on-title for 113 spaces*, with a recent estimated building replacement cost of over $149k* per space
- High visibility and heavy foot traffic boasting two street frontages from Surfers Paradise Boulevard and Orchid Avenue
- Outstanding connectivity located opposite the light rail station (32,000+ daily passengers^) and 200 metres* to world-renowned Surfers Paradise Beach
- Expansive catchment of 330,000 people* residing within a 20-minute drive, with population growth projected at 1.4% p.a. to 2041^^, driven by surrounding major high rise residential and hotel developments
- The Gold Coast is one of Australia’s leading tourist destinations attracting over 12.2 million* visitors in the year ending Dec-23 (+31% YoY)^^^
- Secure and growing income profile with a long WALE of 5.6 years* (by area) and a weighted average rent review of 3.5%* p.a.
- Scope to add-value through leasing repositioning as well as opportunity for further strata subdivision (STCA)
- Estimated fully leased net income of $2.9 million* p.a. (forecast as at 1-Dec-24)
Cavill Lane is for sale via Expressions of Interest closing Thursday 14th November at 4:00pm (AEDT).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Carl Molony
0439 032 028
Philip Gartland
0403 582 324
Kevin Tong ???
0422 848 818
* Approximately
^ Keolis Downer 2024
^^ LocationIQ
^^^ Experience Gold Coast 2024
Property Code: 1103