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Sold on 2 Jul 2021

2438 Gold Coast Highway Mermaid Beach QLD 4218

  • Shop & Retail
  • 179 m²
  • Sold

Rare Tenanted Mermaid Beach Freehold Investment Opportunity

    Tony Grbcic and Adam Grbcic from Kollosche Commercial are pleased to present this rarely available opportunity to acquire a freehold investment property in the prestigious Mermaid Beach Precinct on the Gold Coast.

    Situated on the Gold Coast Highway, benefitting from high exposure and catchment, this property offers an opportunity for both the astute investor or developer to capitalise on a high growth and future development upside potential.

    This 100% freehold opportunity provides;
    - Land Area: 405m2
    - Building Area: 179m2* plus storage areas

    The property is currently tenanted by "Off Ya Tree" who are a national online and retail distributor of alternative clothing, accessories and body modification items.

    With circa 30 stores nation-wide, the tenant provides a strong investment covenant and provides the investor the following key investment terms;
    - Current Passing income: $87,176.96 + GST
    - 3 year lease (expiring 31 December 2021)
    - 3 year option
    - Fixed 4% annual increases

    Freehold properties on the Gold Coast Highway rarely come available. With the current growth in the Mermaid Beach Precinct coupled with the benefit of the next Light Rail Stage passing this property in the coming years. This property provides both a strong holding income and future redevelopment opportunity.

    For further information please Contact Tony or Adam Grbcic.

    Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

    Tony Grbcic
    Kollosche
    Tony Grbcic
    Kollosche
    Adam Grbcic
    Kollosche
    Adam Grbcic
    Kollosche

    Property Highlights

    Property ID2017071621
    Date Sold2 Jul 2021
    Floor Area179 m²
    Land Area405 m²
    ParkingAsk Agent
    Category
    Last updated  2 Jul 2021
    Map for 2438 Gold Coast Highway Mermaid Beach QLD 4218
    Map for 2438 Gold Coast Highway Mermaid Beach QLD 42182438 Gold Coast Highway Mermaid Beach QLD 4218
    Tony Grbcic
    Kollosche
    Tony Grbcic
    Kollosche
    Adam Grbcic
    Kollosche
    Adam Grbcic
    Kollosche

    Property Highlights

    Property ID2017071621
    Date Sold2 Jul 2021
    Floor Area179 m²
    Land Area405 m²
    ParkingAsk Agent
    Category
    Last updated  2 Jul 2021
    Kollosche
    12-14 Albert Avenue Broadbeach QLD 4218
    Tony Grbcic
    Kollosche
    Tony Grbcic
    Kollosche
    Adam Grbcic
    Kollosche
    Adam Grbcic
    Kollosche
    Tony Grbcic

    Tony Grbcic

    Kollosche

    Adam Grbcic

    Adam Grbcic

    Kollosche

    0407 *** ***
    0407 968 667

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