9/120 Marine ParadeCoolangatta QLD 4225
Property Details for 9/120 Marine Pde, Coolangatta
Last Listing description (July 2023)
Located directly opposite the world famous Coolangatta Beach is this retail food investment.
This property is leased to "Loko's Canteen & Carvery" on a brand new 3 + 3 + 3 year lease.
INVESTMENT DETAIL:
- Net rental $58,538 per annum*
- New 3 + 3 + 3 year lease
- 4% fixed annual increases
FEATURES:
- 91sqm plus 43sqm exclusive use alfresco dining.
- Newly refurbished shopfront.
- Beach views.
- Strategic location in cluster of restaurant hub.
- Grease trap and exhaust canopy.
PRICE:
$950,000
For more information contact exclusive selling agents Towers Francis Property.
Property History for 9/120 Marine Pde, Coolangatta, QLD 4225
- 01 Jun 2022Listed for Sale $989,000
- 04 Feb 2022Listed for Rent $4,750 / year
- 17 Dec 2020Listed for Sale Not Disclosed
Recent sales nearby
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About Coolangatta 4225
The size of Coolangatta is approximately 1.8 square kilometres. There are 8 parks, covering nearly 16.5% of the total area. The population of Coolangatta in 2016 was 5948 people. By 2021 the population was 6491 showing a population growth of 9.1% in the area during that time. The predominant age group in Coolangatta is 60-69 years. Households in Coolangatta are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coolangatta work in a professional occupation.In 2021, 55.70% of the homes in Coolangatta were owner-occupied compared with 48.20% in 2016.
Coolangatta has 6,491 properties. Over the last 5 years, Houses in Coolangatta have seen a 43.29% increase in median value, while Units have seen a 61.74% increase. As at 31 July 2026:
- The median value for Houses in Coolangatta is $1,794,220 while the median value for Units is $1,373,571.
- Houses have a median rent of $623 while Units have a median rent of $810.
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