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IGA in premier location up for sale via auction

Located in Australia’s premier tourist destination, just 3km from the Gold Coast airport, IGA Tugun Beach is up for sale via auction.

IGA Tugun Beach, 459 – 461 Golden Four Drive, is the centre-piece of the local Tugun retail offering, and provides investors with an opportunity to acquire a tightly-held, long-leased retail investment with underlying development potential.

Ray White Commercial QLD selling agent Lachlan O’Keeffe said the 1,279sqm site would provide long-term investment security and future upside for the buyer.

“This property comes with a brand-new 15 year lease to the anchor tenant IGA, with a seven-year demolition clause, allowing the incoming purchaser to capitalise on upside well into the future,” Mr O’Keeffe said.

“The property is further complemented with a compound pharmacy leasing the existing upstairs tenancy, offering two of the most highly-sought after tenants; supermarket and medical.

“With flexible centre zoning, the Stage 4 light-rail announced at this IGA’s doorstep, and the SEQ olympics confirmed, this property offers long term investment security with an abundance of future upside.”

The property will be sold by way of auction on Friday, August 27, at 10:15am.

The auction will be held at Level 26, 111 Eagle Street, Brisbane City QLD.

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Contact: 

Lachlan O’Keeffe

Retail Investment Sales – Ray White Commercial QLD

0413 464 137

lokeefe@raywhite.com

Media contact: 

Cassandra Glover

Media Advisor – Ray White Group

0447 000 472

cglover@raywhite.com

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