Offered to the market for the first time in over 55 years, this Coolangatta property presents a unique blend of residential and commercial components.

The 3-storey multi tenanted building is for sale through LJ Hooker Commercial Southern Gold Coast Head of Commercial Tara Imlach, with the Auction to be held onsite on Friday 11 August at 10am.

Source: LJ Hooker Commercial Southern Gold Coast

Currently featuring 16 individual tenancies, the property offers an immediate holding income. The original building allowed for 12 commercial suites, supplemented by four residential apartments on the top floor. Short-term leases are currently in place.

“This remarkable freehold building presents a multitude of boundless possibilities, making it a truly exceptional opportunity for prospective buyers,” Tara Imlach told COMMO.

“Whether you're a commercial owner seeking a renovation project or an individual envisioning a personally designed holiday apartment on the top floor with park views, this property caters to diverse aspirations.”

Source: LJ Hooker Commercial Southern Gold Coast

Tara told COMMO that a redevelopment or refurbishment of the property offers the potential to maximize returns.

“Given its prime location in an ideal mixed-use area with a generous frontage, the potential for redevelopment is also an option. The property holds immense appeal for investors as well, offering the chance to allocate time and resources toward securing quality long-term tenants,” she explained. 

“It is important to emphasize that the sellers are genuinely motivated to sell. They are committed to selling the property, and the property's sale is a top priority. Don't miss out on this incredible opportunity – seize the chance to acquire a property with limitless potential.”

Source: LJ Hooker Commercial Southern Gold Coast

The spacious property has a NLA of approximately 1,032sqm on a 492sqm site, with a 20-metre street frontage ensuring maximum visibility on the main street of vibrant Coolangatta, a thriving Southern Gold Coast region experiencing substantial population growth.

Onsite parking is available, supplemented by a rear council car park. The site is positioned close to the NSW border, just a 5-minute drive from the Gold Coast International Airport.

To request a copy of the Information Memorandum please email the LJ Hooker Commercial Southern Gold Coast marketing agent Tara Imlach via the contact form below.

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