2454-2460 Gold Coast Highway Mermaid Beach QLD 4218

This is your chance to secure a retail centre in centrally located, perfectly positioned Mermaid Beach, the heart of the Gold Coast.

Located on the Gold Coast Highway and a North East facing corner, there is easy access North or South via the highway and out to Robina and the M1 via main arterial roads. Excellent public transport with light rail at Pacific Fair only minutes walk and bus at the door. Off street undercover car parking for 29 cars and on grade parking for 18 cars providing a total of 47 car parks on site.

• 1,644m2* Freehold land
• 919.6m2* NLA
• 12 Tenancies Fully Leased. Including 4 of the Gold Coast's best restaurants:
* The Glenelg Public House
* Lupo
* Bonita Bonita
* The Italian Kitchen
• Gross Rental Income of $377,989.64 per annum*
• Net Income $265,327.99 per annum*
• Well maintained Centre run under management
• Corner position with North North-East aspect
• Mixed use with retail & restaurants at ground level and offices on Level 1
• Potential to redevelop up to 24m^ height [height limit at 24m]

This would suit an owner who is seeking an investment with excellent holding income with upside in a prime position with future redevelopment potential.

* approximate
^ subject to council approval