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 abundant 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 passengers1) 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 20412, 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)3
- 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.
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
* Approx.
1 Keolis Downer 2024
2 LocationIQ
3 Experience Gold Coast 2024
