MERMAID BEACH - SOLD $7,000,000 (September 2021)


First time offered for sale in 36 years. This is your chance to secure a retail & commercial centre in centrally located, perfectly positioned Mermaid Beach. Located on a North East facing corner of the Gold Coast Highway, there is easy access North or South via the highway and to Robina and the M1 via main arterial roads. Excellent public transport with light rail at Pacific Fair only a minutes walk and bus at the door. This would suit a buyer who is seeking an investment with excellent holding income, and upside of the prime position with future redevelopment potential.

Fully tenanted - 12 tenants in place

Land Area: 1,644m2*

Building Area: 919.6m2* NLA

Total Gross Income: $377,989.64 per annum*

Outgoings: $129,028.63 + GST per annum*

Net Income: $248,961.01

Zoning Use: Mixed Use Retail Centre

Car Spaces: 47 Car Parks with 29 undercover car bays and on grade parking for 18