The beachside property at 2417-2419 Gold Coast Highway, Mermaid Beach sits on 817m2 of blue chip land.
Nostalgic feelings of a bygone era are remembered as an original Gold Coast Highway Mermaid Beach Motel hits the market.
Formally named ‘Castle Motor Inn’ the property which was built in the 1960’s enjoys a rich history.
The property is being marketed by Harcourts Coastal Commercial Directors Jared Johnson and Lachlan Marshall alongside Mermaid Beach residential specialist Guy Powell from Harcourts Coastal.
“The property is a fantastic future development site – Mermaid Beach has seen a significant influx of families and retirees moving from higher-density capital cities into the suburb. This has fuelled the need for high quality residential developments” Mr Marshall said.
Guy Powell of Harcourts Coastal went on to say “Mermaid Beach has become a premier lifestyle precinct.
With the recent announcement of the Gold Coast light rail system from Broadbeach South to Burleigh Heads, Mermaid Beach locals will have immediate access to Queensland's Most Popular Dining & Entertainment Precinct, Burleigh Heads.”
“The Castle”, strategically positioned 250m from the beach on the corner of the Gold Coast Highway and Hilda Street, is 100% Leased with 8 tenants and enjoys a significant holding income of $147,420 p.a.
The property is being offered for sale via Public Auction April 24th 2021 by Co Directors, Jared Johnson & Lachlan Marshall of Harcourts Coastal Commercial and Guy Powell of Harcourts Coastal.
Jared Johnson Director Harcourts Coastal Commercial 0423 386 939
Lachlan Marshall Director Harcourts Coastal Commercial 0426 259 799
Guy Powell Sales Executive Harcourts Coastal 0413 030 851