Prized Retail Centre with Substantial Redevelopment Potential
Tony Grbcic and Adam Grbcic of Kollosche Commercial are delighted to present the Mermaid Beach Village Retail Centre, located at 2375 Gold Coast Highway, Mermaid Beach which comprises a fully tenanted retail centre offering a strong passive income and significant redevelopment potential.
Property Overview:
The site comprises a fully tenanted and secure retail centre situated in one of the Gold Coast's most affluent and sought-after suburbs. It offers significant development potential under the current town plan and is strategically positioned to benefit from future planning amendments associated with Light Rail Stage 3 and the SEQ Regional Plan dwelling supply requirements.
With 80 metres of frontage to the Gold Coast Highway* and additional street frontages on Tamborine Street and Alfred Street, the property enjoys unparalleled visibility. Its location adjacent to the future Mermaid Beach South Light Rail Station (Stage 3) and only 300 metres from the beach* further enhances it's appeal.
Key Features:
- Well-Established Retail Centre
- 15 tenancies in a single-level building, currently 100% occupied.
- Anchored by NightOwl Convenience Store and BWS Liquor Store, with a diverse mix of food, beverage, and retail operators.
- Minimal vacancy history and long-term tenants with demolition clauses or short remaining lease terms.
- Income: Net Income of $1,006,483 + GST* with 100% outgoings recovered.
Development Highlights:
- Land Area: 4,095m²*.
- Zoning: Unique Neighbourhood Centre zoning allows up to 8 storeys (24 metres), with potential for 11-12 storeys (50% uplift).
- Strategically positioned for future density increases supporting the Light Rail project and regional growth.
The site is ideal for a mixed-use development, meeting the growing demand for retail and commercial space east of the Gold Coast Highway & the unprecedented demand and need for residential dwellings. From Level 4 upwards, the zoning offers uninterrupted views, as surrounding properties are capped at a 3-storey (15-metre) residential height limit.
Expressions of Interest close at 3:00pm (QLD Time) on 20th February 2025.
This is a rare opportunity to secure a landmark property offering strong holding income and significant long-term development potential.
For more information, contact Tony Grbcic or Adam Grbcic at Kollosche Commercial.
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