48 Venice Street

Mermaid Beach QLD 4218

First time offered on the market in over 60 years, this Iconic Mermaid Beachside precinct is ready for new owners to create their mark on one of the Gold Coast's most prestigious areas. An exciting opportunity to acquire 2 sites side-by-side 48 Venice Street & 2453 Gold Coast Hwy totalling a massive 1,642sqm making this desirable for the astute Investor or Developer.Featuring:Combined 1,642sqm* development site with 2 street frontages totaling 78m*North Facing Corner Block sitting adjacent to the Mermaid Beach Community Centre and backing onto St Johns Park creating great space separation to nearby buildings300m to the beachCurrently improved by 5 Commercial tenancies and 1 Residential tenancy generating a holding income of over $290,000* per annumFavourable underlying Mixed-Use zoning supporting development to twenty-four (24) metres as code assessableEnjoy unobstructed, protected views of the Mermaid Beach coastline from 3 storeys and aboveCentrally positioned among essential lifestyle amenities including Pacific Fair Shopping Centre, Star Casino & Hotel, Hedges Avenue and future light rail stations (Broadbeach South and Mermaid Beach)Set in an area poised for significant population growth, it stands out as Australia's leading destination for international tourists48 Venice Street - 5 bedroom house (occupied with a commercial tenancy - iBrow Boutique) & a fully self contained separate 2 bedroom unit (residential tenancy)2453 Gold Coast Hwy - 4 commercial spaces occupied by the following businesses - Belle Maison Realty, Mermaid Physiotherapy Centre, 'Lucky Mermaid' Newsagency & the Mermaid Beach Post Office.Call today to acquire an Information Memorandum. This is an opportunity not to miss and one that will not last long.Disclaimer: You are advised that while every effort has been made to ensure the accuracy of information herein is true, accurate and obtained from reliable sources and is for general information only. Realty Blue Pty Ltd, and its director, offices, employees, agents, vendors, and related entities are not responsible for and disclaims all liability and responsibility, including for negligence, for errors, for omissions or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein and must instead satisfy themselves by inspection or otherwise.*Approximately