75 Surf Street, Mermaid Waters

A house situated in 23/RP136807 Mermaid Waters QLD. Estimated value at this time is $1,160,000. Built in 1977, featuring 3 bedrooms and 1 bathroom.

ABOUT THE PROPERTY

Bedrooms
3
Bathrooms
1
Car spaces
2
Land size
693 m2
Building size
200 m2
Council area
Gold Coast City - Albert
Year built
1977
Lot plan
23/RP136807 Mermaid Waters QLD
House type
House



HISTORY

Last sold 07/11/2007
$602,000



LISTING DESCRIPTION
as of June 2020

The Gold Coast's Premier Mixed Use Asset Gold Coasts best mixed use asset with a thriving F&B precinct ($18,170/ sqm turnover, ex GST) at the heart of Broadbeach Fully refurbished anchor tenants, Woolworths and Broadbeach Tavern, performing strongly with Woolworths nearing turnover rent threshold Diverse set of income streams including traditional retail (48%), dining precinct (23%), office (20%) and car parking (9%) Substantial 5.2m visitors in the last year from a significant resident trade area population and immediate proximity to The Star Casino Future redevelopment potential with DA approval for a further 3,743 sqm of commercial area over Level 2 (370sqm) and Level 3 (3,373sqm) Fully Leased net income of $13,865,000 p.a. as at 1 January 2020 WALE by income of 5.8 years Expressions of Interest closing 4pm (AEDT) Thursday 7 November 2019