A PRIME retail space in the tightly held Broadbeach restaurant and commercial precinct has failed to sell at auction - after being passed in at $1.3 million.

The 191sqm holding, in the luxury, mixed-use building Sonata, has a landscaped courtyard and is opposite a park.

Located at Lot 7-20 Queensland Avenue, the property is being sold as vacant possession and includes 30sqm of freehold enclosed shop, 4sqm of freehold storage room and 157sqm enclosed exclusive area.

It has access to 40 underground car parks, four electronic security cards, ample street parking and external signage above the Queensland Avenue side of the building.

Sonata is a modern, strata-titled development comprising retail premises on the ground floor and commercial premises and residential apartments on the upper levels.