2235 Gold Coast Highway Mermaid Beach QLD 4218

Anchored by a long term lease to the established operator Justin Lane Pty Ltd on a 5 + 5 + 5 + 5 lease term, this outstanding high profile freehold building offers a long term passive income stream secured by a proven tenant with multiple venues.

Positioned prominently within arguably one of the Gold Coast's most vibrant beachside hubs, this is your opportunity to secure a quality commercial building in a brilliant position.

Features include:
- New 5 + 5 + 5 + 5 year lease to Justin Lane Pty Ltd trading as 'Miss Mee'
- Exceptional as-new modern building, with recent significant tenant refurbishment upgrades
- Net Income of $291,200 p.a.* + GST
- 4% annual increases
- High profile tenant, quality proven operator
- Lease commenced 19th November 2019
- 690sqm* lettable area
- 435sqm* land area
- Positioned beachside within the vibrant Nobby's Beach retail precinct
- Conservative rent at $422/sqm, well below neighbouring lease rates
- Premium long term investment opportunity with future rental upside potential
- Trophy building securely leased by a proven operator with adequate security in place

For more information contact Colliers Internationals Steven King on 0417 789 599.

*approximately.
^please note outlines are indicative only.