2438 Gold Coast Highway MERMAID BEACH QLD 4218

179 m2 405 m2
SOLD - $1,200,000

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Sold by Team Grbcic

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.

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2438 Gold Coast Highway

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