Mermaid Beach Investment Opportunity for Sale at Auction
A prominently located retail investment opportunity at Mermaid Beach on the Gold Coast is being offered for sale via auction by Ray White Commercial Gold Coast.
The property at 2211 and 2215 Gold Coast Highway, Mermaid Beach, is being marketed by Michael Willems of Ray White Commercial Gold Coast.
Michael Willems said the two buildings on the total land area of approximately 1,555 sqm include 14 tenancies generating net rental income of approximately $447,000 per annum.
“This is a standout commercial property in a popular retail and café precinct on the Gold Coast Highway at Mermaid Beach,” he said.
“The tenancies on site include the Nobby Beach Post Office, a medical centre, pathology and chemist, a hair salon, take away food outlets and Little Bean Coffee Shop.
“The property is located between Lavarack Road and Chairlift Avenue on the Gold Coast Highway and there is plenty of onsite parking.
“The two commercial buildings offer a combined net lettable area of approximately 817 sqm. The area is zoned ‘neighbourhood centre’.”
The property will be auctioned at the Gold Coast Turf Club, Racecourse Road, Bundall, at 11am (AEST) on Thursday, March 17, 2016.