Lot 9 & 10/71 Williams Esplanade, Palm Cove.
Two prime beachfront commercial investments
An exceptional opportunity to secure two fully-leased, high-performing commercial strata investments in Palm Cove's newest and most prestigious development, Shara. Positioned prominently on the beachfront, this architectural standout is home to elite tenants and offers investors secure returns in a tightly held tourism and lifestyle location. - High-quality tenants including an international retail anchor - Secure leases with fixed annual increases - Strong yield potential with built-in growth - Premium Palm Cove location – absolute beachfront and high pedestrian exposure - Inspect: by appointment only Available together or separately: Lot 9 (71A Williams Esp) Tenancy: Rip Curl retail store 121m2 + 14m2 car park Lease term: 3 years from 09/06/23 Option: 2 x 3-year Current gross rent: $89,232 + GST Rent reviews: 4% per annum increase (market review June 2026) Outgoings by tenant: Nil Body Corporate: $2,294.50 Council Rates: $11,504.35 Net income: $75,433.15 Lot 10 (71D Williams Esp) Tenancy: Hairdresser 62m2 + 14m2 car park Lease term: 4 years, 2 months from 09/01/2023 – 08/03/2027 Option: 1 x 3-year Current gross income: $45,751.31 (Rent: $37,107.26 + Outgoings: $8,644.05) +GST Rent reviews: 4% per annum increase (next increase June 2026) Net income: $37,107.26 +GST
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