Lido Arcade, 24 Orchid Avenue, Surfers Paradise, Qld 4217

CBRE and Colliers are pleased to present to the market Lido Arcade, situated within the heart of Australia’s number one tourist destination in Surfer’s Paradise, Gold Coast.

Lido Arcade represents an opportunity to purchase, reposition and refurbish the existing retail arcade and 20 residential flats.

• Comprises 799sqm of ground floor NLA configured across 18 retail tenancies which are currently 39% occupied.
• 20 one and two bedroom residential flats on first and second floors.
• Short term leases subject to demolition clauses represent a total WALE of 1.1 years*, providing immediate repositioning and re-leasing opportunities.
• Suitable for an owner occupier of major retail use.
• Dual 15 metre frontages along Orchid Avenue and Surfers Paradise Boulevard with convenient access to the Light Rail.
• ‘Centre’ zoning under the Gold Coast City Plan.
• The property is positioned on a substantial 1,182sqm landholding situated approximately 200m from the famous Cavil Mall and Surfers Paradise beach.
• More than 10 million tourists visit the Gold Coast each year, contributing $5.9 billion to the local economy. The Gold Coast is Australia’s sixth largest city with a population of over 647,000 and a Gross Regional Product of $40 billion. It also comprises enviable weather, spectacular beaches and a desirable lifestyle.
• Net passing income of $94,301 per annum.
• Fully leased net income of $364,692 per annum. 

The property is for sale by Expressions of Interest closing on Thursday 27th June 2024 at 4:00pm. 

For more information please contact the exclusive agents.

(All areas, outlines, distances, numbers are approximate only)
* As at 1 July 2024