1920 Gold Coast Highway

Miami QLD 4220

Situated amongst this strip of retail shops which rarely becomes available to the market. This is a fantastic & proven income producing property which offers it all. Mixed-use commercial & residential with a stone's throw from the beach just check out those aerial views. Situated on one of the busiest roads on the Gold Coast. This is an absolute gem. With secure and proven tenants this property is a must to add to your growing property portfolio. An impressive upside potential and a great future holding this property will sell so call now!

*508m2* Land area with NLA 350m2* (170m2* retail and 180m2* residential) car parkingfor 6* vehicles with access from Gold Coast Highway. Site Coverage is at approximately 35%* making this an impressive holding with good potential!

*Lease 1 - Caffeine Kings, a tenant since 2015 options till 2024, 4% annual increases, responsible for all outgoings + 100% water consumption

*Lease 2 - Mortgage Choice, a tenant since 2006*, just took up the most recent option in their lease with further options till 2027* and 4.25%* annual increases on a gross lease.

*Lease 3 - Residential unit, 3 bedroom, 2 bathroom and 2 large balconies. A tenant since 2014* just signed for a further 12 months at $515pw*
(Potential upside by converting this upstairs unit to commercial use, by increasing the total rent achievable by a conservative 11%* and decreasing the landlord outgoings by 30%* thereby increasing your overall net return even further.)

*Property built approximately 14 years ago, low maintenance type build, suspended concrete slab, with almost no landscaping upkeep.

This area is a growing corridor for future development. Whether that be in highrise or redevelopment of housing lots as development trends start moving South from Broadbeach, it best to get in now!

Call now or enquire online for an IM.

*approx.

Ray White 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, advice or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.