The Engines of Wealth team secured Shop 1 / 42 Marine Parade Coolangatta with a medical tenant having a long trading history at this location and a new 4-year lease. Sharing the ground floor retail area with a hairdresser, café, Ear Nose and Throat specialist and a GP, provides this tenant complementary businesses. Located 50m from the beach, on the corner of Coolangatta’s shopping strip, at 74 sqms this shop offers a diverse range of future retail uses. In the meantime, this shop generates a healthy cash flow return of over 7%.
“My recent investigations into investment options led me to explore commercial property. There’s not a great deal of educational material on the market but I did come across a comprehensive guide that I found invaluable, a book called “Engines of Wealth – Commercial Retail Shops” authored by Phillip King. What further impressed me was the material available on the Website Enginesofwealth.com and the fact I could actually book a one on one session with the author.
I found being able to read the book and then have a consulting session really helped me to understand this asset class. Furthermore, being able to utilise Phillip’s experience in finding me a quality investment property made the whole process stress free. I thoroughly recommend Phillip’s book and Buyer’s Agent services, it was great having him on my team!”
Rob Sundercombe – Coolangatta Hearing