Cavill Lane, located at the base of the 5-star Hilton Hotel between surfers Paradise Boulevard and Orchid Avenue, is now for sale though CBRE Queensland Retail Investments.

The property at 3113 Surfers Paradise Boulevard is a 4,234 square metre retail asset home to well-performing national retailers including UGG King, ANZ Bank, The Coffee Club, Thirsty Camel and Flight Centre.

The property is also tenanted by Chop Chop, an Asian street food offering providing a large range of cuisines including Korean, Thai, Japanese, Indian, Chinese and Yum Cha.

At a glance:

• Cavill Lane at 3113 Surfers Paradise Boulevard to be sold via EIO campaign
• The asset comprises 4,232 square metres of retail space in the heart of CBD retail precinct
• The property is home to national brands including ANC Bank, The Coffee Club, Thirsty Camel and Flight Centre 

CBRE Retail Investment Sales Specialist Joe Tynan said the property represented a high yielding investment with value add through strategic leasing.

He said the Main Trade Area of Surfers Paradise was expected to see growth of more than two per cent per annum while exponential retail expenditure growth of over five per cent per annum was expected over the next 10 years, resulting in a retail spend of over $3 billion.

“Cavill Lane represents a sought-after opportunity to invest in the heart of the retailing precinct of Surfers Paradise - one of Australia’s landmark tourism destinations in the internationally recognised Gold Coast,” Tynan said.

“This property represents a high yielding investment opportunity with significant scope to add value through a proactive leasing strategy in the centre of one of the Gold Coast's busiest retailing precincts.

“It is also set to benefit from its location at the doorstep of the Gold Coast’s new light rail project - a $700 million transport infrastructure project - with Cavill Avenue station providing access to 19 stations and over 7 million commuters daily.”

The property is for sale via an EOI campaign closing Thursday 28th November 2019 at 4pm (AEST).

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