Freestanding Retail Building NAB Head Lease

The building was purpose built in 1997 for the NAB (National Australia Bank Limited). The current lease term has approximately 4.5 years remaining with the expiry in November 2023. The second tenants lease expires in March 2020.

In November 2018, the NAB executed a new lease with further options and integrated new infrastructure which included the fully refurbishment transformation of their tenancy, including the incorporation of two new format ATM’s.

Part of the upgrade included the incorporation of its surrounding district branches, so this branch is known as the Coolangatta/ Tweed branch.

The property is extremely prominent, being the main corner location in Coolangatta. It has 3 street access and would readily be leased by major companies if it ever became available in the future.

Coolangatta is on the Queensland side of the New South Wales border and is known as the Southern Gold Coast CBD and hosts other main city infrastructure and major tenancy profiles including the Gold Coasts second Law Court and Police Station. Coolangatta is a beachfront suburb and is a tourist mecca, only second to Surfers Paradise which sees over two million visitors annually. The Gold Coast airport (international) is only 3 kilometres to the North which underpins the confidence in the area’s future growth.

The Gold Coast now has a permanent population of circa 600,000 residents and 13 million tourists annually.

The Total Building area is 435 sqm and the Land area 476sqm whilst the Net Income is $240,000 pa approx.
The property will be sold by Public Auction in Melbourne the 29th May 2019 at 12 noon

All enquiries to Jamie Bourke on 0417 077 277 or jbourke@fncqld.com.au – First National Commercial

Overview

Type Sale
Price REDUCED TO $4,100,000
Floor Area 435.00 m2
Land Area 476.00 m2

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