National tenants barrelled over by Burleigh

MULTINATIONALS are muscling in on the Burleigh Heads shopping precinct threaded by the popular James Street.

Chicken chain Nandos and convenience store 7-Eleven are moving in alongside realtors that have rebranded. Burleigh Property Sales will operate under Ray White and Black and Young has made the transition to The Professionals.

The redevelopment of the post office site on the corner of James and Connor Streets is underway with national chain Coffee Club confirmed as the anchor tenant, with a sushi restaurant and clothing boutique also mooted to move in.

Several new independent retail outlets have also recently opened with others changing hands for record prices.

A recent sale of the Tropicana Café on the corner of the Gold Coast Highway and Connor Street went for an undisclosed amount but is believed to be a record high seven-figure sum.

Formally known as Pacific Carvery the café was established more than 30 years ago and was completely refurbished and renamed Burleigh Tropicana six years ago.

Iconic Gold Coast restaurant Georges Paragon is also seeking a franchise location in the area.

Subscribe Now!
Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Weaker consumer spending takes its toll on Bapcor as shares slump 29pc

Weaker consumer spending takes its toll on Bapcor as shares slump 29pc

A tough retail market looks set to impact second-half earnings for ...

Bonza fleet grounded until at least 8 May

Bonza fleet grounded until at least 8 May

Administrators for Bonza have confirmed the budget airline's fl...

Cobram Estate’s new $35m processing mill capitalising on global shortage of olive oil

Cobram Estate’s new $35m processing mill capitalising on global shortage of olive oil

Cobram Estate Olives (ASX: CBO) has officially opened its new $35 m...

Retail Food Group to settle Michel's Patisserie class action

Retail Food Group to settle Michel's Patisserie class action

Gold Coast-headquartered Retail Food Group (ASX: RFG) has agreed to...