Fully Leased Retail Centre in Central Location with Long Leases
SOLD
10-16 Merrilaine Crescent
Merrimac QLD 4226
Retail
FOR SALE
1233m2
-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 Fellas 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 McDonalds 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- Queenslands 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.
