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Hellenika Gold Coast tenanted property goes to auction

High profile property in Nobby Beach tenanted by the award winning Hellenika is being offered for sale as a premium long term investment opportunity via Colliers International auction on 23rd October.

Hellenika Gold Coast has been serving authentic Greek cuisine since 2010 and was fully renovated in 2018 with the extension including a rooftop bar and restaurant. The high profile 690sqm building is located on 435sqm site at 2235 Gold Coast Highway, within the popular Nobby Beach retail precinct.

The property is currently owned by Krys Pty Ltd, the entity behind Gloftis family, with Simon Gloftis establishing and operating the popular Gold Coast restaurant. The new 7-year lease term plus two 5 year options will commence in October and will offer a new owner $299,400 plus GST in annual net income.

Steven King, Director-in-charge of Colliers International Gold Coast who is marketing the property said he is expecting great response from investors across Australia once this officially launches to market. 

“This is a secure long term lease investment in a great location, with conservative rental in place backed by a strong operator. It is a unique opportunity considering these sorts of assets are very tightly held and don’t come to market very often.

“Even though it is likely to get national attention, realistically the buyer is likely to be a local passive investor who loves the area and understands the strength of the Hellenika’s brand and business.”

The public auction will be held at 11am AEST on Wednesday 23rd October, at the Colliers International office, level 2, Circle on Cavill, 3184 Surfers Paradise Boulevard, Surfers Paradise.

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Steven King

Director in Charge | Gold Coast

Director | Investment Services

Gold Coast

As the Director in Charge of the Gold Coast office, Steven is responsible for the continued success and growth of an award-winning team across multiple service lines. As part of his dual-role, Steven also represents Colliers International as the Director of Investment Services in a transactional based sales management role.

Working within our national platform, we share knowledge and have a collective commitment to deliver the absolute best results for our clients. 
In 2018, our Gold Coast office received the prestigious Real Estate Institute of Queensland ('REIQ') Commercial Agency of the Year Award.

Steven specialises in the marketing and sale of high profile commercial assets and with over 17 year’s experience, he has negotiated more than $500 million in local property sales. Steven offers an unrivalled track record in commercial sales and his in-depth knowledge and expertise of the local commercial market is second to none. Steven provides clients with a high level of service that extends beyond a traditional sales appointment by utilising both innovative and effective marketing strategies.  

Previously Steven has been honoured to receive the REIQ Commercial Salesperson of the Year Award.

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