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