Retail for Sale

2578 - 2580 Gold Coast Highway Mermaid Beach, QLD 4218

$4,200,000
  • Building/Land: 820m² (0.2 acres)

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Retail for Sale in Mermaid Beach

Gold Coast Highway Retail Development or Investment Opportunity

  • Building/Land: 820m² (0.2 acres)

Presented across two 410sqm* block titles, one has a two level residential unit with its own access and driveway the other with a two level fully fitted restaurant and roof top bar/function space also with its own access and drive way for on-site parking.

Currently owner operated as the popular restaurant Bangkok Thai, the current owner occupiers have decided it is time to sell their prime double site on the Gold Coast Highway in booming Mermaid Beach.

The restaurant straddles the site which was two separate showrooms and could easily be converted back and leased separately. There is a double storey house on the site that features five bedrooms which has good leasing potential.

Ideally this is an excellent development site. In the immediate vicinity the investment in development and infrastructure is at a level never before seen. Pacific Fair is currently undergoing a transformation at a cost of $670m and Jupiters Casino is being refurbished at $345m with a further $850m in planning. The light rail extension is being considered that would make to go directly past Bangkok Thai. On the opposite corner of Peerless Avenue and the Gold Coast Highway an 8 level residential tower and commercial space has been approved. On the corner of Surfers Avenue and the Gold Coast Highway a major development application has been lodged with council with a decision due this month.

These developments, plus the many smaller projects underway and transforming the already popular area into something very special in the not too distant future.

  • Two separate sites of 410sqm* each (820sqm* land area in total)
  • Two retail showrooms, 2580 Gold Coast Hwy with approximately 240sqm*, 2578 Gold Coast Hwy with approximately 84sqm* plus free standing house 220sqm*
  • Holding income
  • Unlimited height zone for future redevelopment
  • Walk to beach, shopping centre and light rail
  • 300m to Pacific Fair Shopping Centre
  • 300m to Light Rail Station
  • Wide frontage to main road
  • Ideal commercial and residential redevelopment site
  • Located on the north end of Mermaid Beach bordering Broadbeach

*approximately

Building:

820m²

Land:

820m² / 0.2 acres

Categories:

Retail, Medical/Consulting, Hotel/Leisure

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