Under instructions from the vendors Maclag (No.11) Pty Ltd, Ray White Broadbeach is pleased to offer this commercial property, 43 Alfred Street, Mermaid Beach, for sale.

Tastefully renovated by the current owners this well positioned commercial property has so much to offer the owner occupier, investor or developer.

The Owner Occupier
The premises have been completely renovated and purpose designed to suit a busy architects firm, but could be easily redecorated to suit other applications.
Solid timber boards, polished concrete and exposed galvanized beams together with commercial industrial lighting create an interior feel that would be comfortable and compatible with any modern space offered in Sydney or Melbourne.
Combining double storey alcoved work space, a large boardroom meeting area as well as the generous reception and product display area, makes this hard working yet very functional building so attractive to your potential clients.
This well known building gives off an extremely positive first impression, and is a statement of its occupiers.

The Investor
Retail space 152m2
Office space 231m2
The Building is occupying over two thirds of the site and an additional 100m2 of upstairs office space that is all council approved.
All additional approvals are in place and the 152m2 of retail space can be subleased into 2 separate tenancies, optimizing the income.

Scenario one:
$300 per metre x 383m2 (total office area): $114,900.00 approx per year
Return on $2,150,000: 5.30% per annum

Scenario two:
$300 per metre x 231m2 (total office space): $69,300.00 approx per year
$500 per metre x 152m2 (total retail space): $76,000.00 approx per year

Office Space + Retail Space: $145,300.00 approx per year
Return on $2,150,000: 6.75% per annum

The Developer
43 Alfred Street is a part of a larger commercial site that contains a total 5 separate blocks.
This property is the linchpin to the larger amalgamation as a future commercial or residential development and would ideally use this large 20m2 frontage as a formal entrance to the proposed residential premises.
The possible redevelopment site is on 2865m2 and fronts the Gold Coast Highway to the West, Alfred Street to the South and Seabeach Avenue to the North.

Physical Address

43 Alfred Street,
Mermaid Beach Qld 4218

Property Type

Business Retail Trade

The Property

Total land area of this property is 407m2

Lettable Area

Retail- 152m2
Office- 231m2

Floor Area

Ground floor: 283m2 (152m2 retail 131m2 office)
First floor: 100m2 (100m2 office)
Car Parking: 3 car spaces, optional 2 tandem car parks.

Location

Prime
Situated 20m east of the Gold Coast Highway on Alfred Street the subject property is very much a part of the busy Mermaid Beach commercial and shopping precinct.

Demand

Extreme
Beachside commercial property is in high demand, being the linchpin site for a larger development acquisition that consists of 5 other properties and runs North to Seabeach Avenue and West to the Gold Coast Highway, makes this site even more highly sought after.

Exposure

High / Extreme
Having a full 20m frontage facing South, the property is fully exposed to traffic travelling North bound on the Gold Coast Highway.

Real Property

Lot 2 on registered plan 71819 Parish Gilston

Land Tax

$8154.95 pa approx

The property is to be sold as vacant possession.

Price: = $2,150,000

To be rented From 1st Jan 29th June (383m2) @ $300 per sqm = $56,663.00