Colliers is pleased to present 2573-2581 Gold Coast Highway & 52 Peerless Avenue, Mermaid Beach, a high profile multi tenanted retail complex located on a 1,002m²* prominent beachside corner land holding.

Offering a diversified holding income, with major upside from 9 ground floor retail shops, 4 upper level offices and a 1 bedroom residential apartment, this asset boasts prominent Gold Coast Highway frontage.

Positioned within one of the Gold Coast most sought-after residential precincts, this location offers very generous zoning provisions, with the existing area height limit being 24m (code assessable), presenting exceptional re-development potential.

Property highlights include:

- 9 retail shops, 4 offices + one 1-bedroom apartment

- High Profile corner position with dual street frontage

-1,047m²* lettable area

-1,002m²* land area

- Within a 24m height precinct, offering major development upside potential

- ‘Mixed Use’ zoning allowing multiple uses (STCA).

- Approximate current net passing income $279,100 p.a*(excluding land tax)

- Approximate projected net income upon 100% occupancy $477,950 p.a* (excluding land tax)

- Prominent corner position, high exposure to Gold Coast Highway, visibility to over 37,000* passing vehicles daily

- Very close distance to beach (300m*) and Pacific Fair (350m*).

- Opportunity to Develop, landbank or hold and capitalise.

For Sale via Auction Thursday 10th October 2024 at 11am (AEST).

Auction Location – Colliers Gold Coast Office, Level 2, 3184 Surfers Paradise Boulevard, Surfers Paradise QLD 4217.

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