10-16 Merrilaine Crescent, Merrimac, QLD 4226

Investment | Retail | Hotel/Leisure

Sold

  • Property ID: 260407
  • Floor Area: 1233m²
  • Land Area: 3548m²
  • NBN Availability: Not Currently Available
  • Cafes: 1 nearby
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 27/07/2017 1233m2 3548m2 Contact Agent
Fully Leased Retail Centre in Central Location with Long Leases

-Net income $347,629.00 p.a.* (fully leased)
-Major tenancy leased until 2026 plus 2 x 10 yr options (2046)
-Two adjoining retail shops on good leases with options
-Located on high volume traffic road with easy access
-3,548m2* of land area with 44* on-site carparks
-Strategically positioned next to BP service station and across the road from Mc Donalds
-Great central Gold Coast location with major tenancy operating for over 20 years
-Owners serious about selling, Don't miss this fantastic opportunity!

The property represents a fantastic opportunity to purchase a significant landholding with three well-known tenants. With a nett income of $347,629.10, 10-16 Merrilaine Crescent is secured by three long leases to quality tenants. Counter Cafe and Eatery is a trendy cafe with a stylish decor serving an abundance of excellent produce and ingredients, run by seasoned professionals in the hospitality industry. Big Fella's Pizza is famous around the city for their generous serving sizes and gourmet pizzas. Merri-mac Tavern serves delicious fresh meals and refreshing drinks. Their friendly staff are on hand to provide an excellent atmosphere to wind down after work with friends or to simply enjoy the weekend. The successful purchaser would be joining an array of investors in the immediate area, with McDonald's across the road and BP directly next door.

Merrimac is situated neatly between both Carrara to the north and Robina to the south. Carrara is home to Metricon Stadium, Royal Pines and Emerald Lakes Golf Clubs. Robina is known as being the alternative CBD to Southport and contains Cbus Stadium and the Robina Town Shopping Centre. Merrimac has the Palm Meadows and Lakelands Golf Course, and driving east along Gooding Drive will lead straight to Broadbeach and Pacific Fair- Queensland's largest shopping centre.

10-16 Merrilaine Crescent has direct access to main roads. Gooding Drive heads east to the coast and connects with the M1 Motorway to the west.

AUCTION
27 July 2017 @ 11am
VENUE
Gold Coast Turf Club, Racecourse Drive, Bundall

Merrimac Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $260 ---
Industrial --- $217 ---
Retail --- $256 ---
This is the average advertised price, rent and yield for Merrimac, QLD 4226*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Cafes - Number of cafes located within 500 metres of 10-16 Merrilaine Crescent, Merrimac, QLD 4226. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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