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Jared Johnson & Lachlan Marshall from Harcourts Coastal Commercial & Guy Powell from Harcourts Coastal have the exclusive privilege to offer to the market 'The Castle'. An iconic former Gold Coast Highway, Mermaid Beach Motel. Located in one of the Gold Coasts most sought-after and popular beachside suburbs, this 100% leased asset is secured by 8 residential units and is within footsteps to the sand & surf and famed Millionaires Row Hedges Avenue. Watch the video for a virtual tour.
A copy of a detailed Information Memorandum will be made available to approved parties upon request and incorporates all available development & investment information.
Our sellers are extremely motivated and have given very clear instructions to sell on or before Public Auction.
Development & Investment Highlights:
• $147,420* p.a. with rental upside (under rented)
• 100% Leased - 8x renovated contemporary 2x bedroom apartments
• 817m2* functional corner block
• Freehold investment with extremely low outgoings
• Low maintenance site
• Excellent transport links with GCLR (Gold Coast City rail) system Stage 3 is about to commence from Broadbeach South to Burleigh Heads. Mermaid Beach locals will have immediate access to Broadbeach & Queensland's Most Popular Dining & Entertainment Precinct, Burleigh Heads.
• Premium apartment sales results being achieved in the local area
• Strong demand for beachside apartments from a wealthy demographic
• Moments from vibrant retail & dinning precincts Broadbeach (2km* North) & Burleigh Heads (5km* South) which include a multitude of popular awarding restaurants and bars including Mamasan, Rick Shores, The Pavilion, Social Eating House, Justin Lane, & Moo Moo's.
OPEN FOR INSPECTION:
SATURDAY 27TH MARCH 12.00-12.30PM
SATURDAY 3RD ARPIL 12.00-12.30PM
SATURDAY 10TH ARPIL 12.00-12.30PM
SATURDAY 17TH ARPIL 12.00-12.30PM
SATURDAY 24TH ARPIL 10.30-11.00AM
AUCTION:
SATURDAY 24TH ARPIL 11.00AM ON-SITE
*Approximately
Disclaimer:
Harcourts Coastal Commercial has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Beyond Commercial Pty Ltd trading as Harcourts Coastal Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
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