Investors are expected to secure a prime piece of Broadbeach retail real estate, located in one of Gold Coast’s key growth hubs.  

The Aria Retail (Lot 2) complex is the majority of the ground floor retail of the Aria Resort and Boutique Apartments located on the corner of Surf Parade and Albert Avenue Broadbeach.

Aria Retail (Lot 2) consists of a 1,153 sqm retail holding (approx.) being the majority of the entire ground floor retail complex of the award-winning Aria building. The remaining 2 shops on the separately titled Lot 1 are not offered for sale at this time.

2-2.jpg

Source: REAL Specialists Commercial

Lot 2 features 13 restaurant and retail tenancies on a separate title and includes basement parking for 42 vehicles. 

Aria is centrally positioned on a prominent corner of Surf Parade, the primary resort and dining destination street, and features a diverse mix of retail, service and restaurant tenancies, including La Roma and On Fire Greek Taverna as well as the new to open Cameleon Lounge Bar.

Jared Hodge and Brad Duncalfe of Real Specialists Commercial are exclusively managing and marketing the property for sale by an Expressions of Interest campaign.

skyepics_13177-11_l.jpg

Source: REAL Specialists Commercial

Speaking to WILLIAMS MEDIA, Jared Hodge said the property has been held by the same owners since the Aria complex was completed 18 years ago and will be well received in the marketplace.

“Over the past year we have assisted and renegotiated new leases with existing longstanding operators and signed up new tenants, resulting in the secure and robust investment that is Aria Retail (Lot 2),” Brad Duncalfe told WILLIAMS MEDIA. 

“Given its high-profile location and diverse tenant line up, it is expected to draw strong interest from both local and interstate investors,” Brad said.

blues-on-broadbeach-music-festival.png

Source: REAL Specialists Commercial

Jared Hodge said that the Gold Coast is now Australia’s sixth largest city with a growing economy and has matured as an investment destination. “With a population over 710,000 this year, a strong southern migration and over $25 billion in major infrastructure projects, the Gold Coast is starting to experience a massive growth phase.”

“The Aria Retail complex is strategically positioned in the primary resort and dining precinct of Broadbeach, within walking distance to key attractions including the Star Casino, the Gold Coast Convention Centre and the city’s expanding light rail system.” 

Aria Retail (Lot 2), which returns a net income of approx $640,000 to the owner, has on site basement parking for 42 vehicles. 

The Expressions of Interest campaign closes on Thursday 5th August 2021.

To request a copy of the Information Memorandum please email either of the REAL Specialists Commercial marketing agents Jared Hodge or Brad Duncalfe via the contact form below.

To view the listing or for more information click here.

Related reading:

Freestanding Pottsville investment with residential and commercial mix - REAL Specialists Commercial

Kingscliff waterfront opportunity for lease - REAL Specialists Commercial

Norfolk Island investment tenanted by Australia Post for sale - REAL Specialists