The Strand at Coolangatta_Property for Sale

72-80 Marine Parade, Coolangatta, QLD, 4225, AU

The Strand at Coolangatta

Asset description

The Strand at Coolangatta (The Strand), is a landmark opportunity to acquire an irreplaceable and unique beachfront asset of scale in the heart of the Gold Coast.

A meticulously crafted 30,002 sqm, mixed-use asset dominating the trade area through its strategic coastal location, The Strand is located just 2 km* from the international Gold Coast airport. Supporting a unique tenant mix weighted toward convenience retail, anchored by Woolworths and supporting entertainment, food & beverage (F&B), office & service-based tenants.

Coolangatta on the Gold Coast is world-renowned and synonymous with Australian culture & lifestyle. The area has rapidly escalated into a vibrant city backed by high-end residential developments sprawling the coast, with continued and sustained demand from affluent relocating residents of Sydney & Melbourne.

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Attributes

Building area gross

30,002 sm

Occupancy

92.6%

Parking spaces

664

NOI

€7,774,000

Media

Investment highlights

- The only of its kind in Australia | +200 metre beach frontage Australia’s widest absolute beachfront shopping centre

- High barriers to entry | One of only six shopping centres along the Gold Coast’s core beach precinct – all of which are in institutional or long-term private ownership and rarely traded

- Robust income growth | Dominant Woolworths Supermarket paying percentage rent backed by a unique tenant mix weighted retail (75%) and office (25%) with an ultra low average rent of just $640/sqm*

- Burgeoning population & wealth growth | Forecast population growth of 2.2% p.a. until 2041 (vs. SEQ 1.5%) supported by a rapidly gentrifying catchment with household incomes up 52% over 2011-21 (vs. SEQ

35%)**

- Gold Coast – a tourism mecca | Tourism generates $5.7 billion in economic activity across the region with 26.3 million visitor nights recorded – representing an equivalent 72,000 additional full-time residents**

- Luxury development pipeline | Over 2,800 residential units in the surrounding pipeline, with unprecedented luxury apartment sales over $9 million^

* JLL calculations from the Campaign Financial Pack. Subject to change during the campaign.

** LocationIQ Report, July 2024.

^ JLL Retail Investments Australia research, further information available on request.