A prominently located retail investment opportunity at Mermaid Beach on the Gold Coast located at 211 and 2215 Gold Coast Highway, Mermaid Beach, was sold to a local investor for a yield of approximately 4.67 per cent.
The property comprises two buildings on a total land area of approximately 1,555 sqm and includes 14 tenancies generating net rental income of approximately $420,686 per annum. The two commercial buildings offer a combined net lettable area of approx. 817 sqm with huge redevelopment potential.
|Sale Date:||17th March 2016|
|Process:||Auction (Under the hammer)|
|Marketing Time Frame:||4 weeks|
|Rate per m²||$548|