48 Venice Street, Mermaid Beach QLD 4218

First time offered on the market in over 60 years, this Iconic Mermaid Beachside precinct is ready for new owners to create their mark on one of the Gold Coast's most prestigious areas. An exciting opportunity to acquire 2 sites side-by-side 48 Venice Street & 2453 Gold Coast Hwy totalling a massive 1,642sqm making this desirable for the astute Investor or Developer.

Featuring:
Combined 1,642sqm* development site with 2 street frontages totaling 78m*
North Facing Corner Block sitting adjacent to the Mermaid Beach Community Centre and backing onto St Johns Park creating great space separation to nearby buildings
300m to the beach
Currently improved by 5 Commercial tenancies and 1 Residential tenancy generating a holding income of over $290,000* per annum
Favourable underlying Mixed-Use zoning supporting development to twenty-four (24) metres as code assessable
Enjoy unobstructed, protected views of the Mermaid Beach coastline from 3 storeys and above
Centrally positioned among essential lifestyle amenities including Pacific Fair Shopping Centre, Star Casino & Hotel, Hedges Avenue and future light rail stations (Broadbeach South and Mermaid Beach)
Set in an area poised for significant population growth, it stands out as Australia's leading destination for international tourists
48 Venice Street - 5 bedroom house (occupied with a commercial tenancy - iBrow Boutique) & a fully self contained separate 2 bedroom unit (residential tenancy)
2453 Gold Coast Hwy - 4 commercial spaces occupied by the following businesses - Belle Maison Realty, Mermaid Physiotherapy Centre, 'Lucky Mermaid' Newsagency & the Mermaid Beach Post Office.

Call today to acquire an Information Memorandum. This is an opportunity not to miss and one that will not last long.




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*Approximately