Retail Complex Redevelopment
2506 Gold Coast Highway
MIXED USE OPPORTUNITY
Canford Estate Agents in conjunction with GV Property Group were pleased to present 2506 Gold Coast Highway, Mermaid Beach. This prime redevelopment opportunity was in a landmark location only 400 metres from the beach and immediately adjacent to the proposed Mermaid Beach North Light Rail Station, a world class public transport system for residents and visitors to the Gold Coast. The property had substantial holding income with national fast food and medical tenants.
site area
total NLA
street frontages
vehicles daily exposure
SOLD TWICE BY CANFORD
Canford were pleased to announce the initial sale of the 6,525m2 site located at 2506 Gold Coast Highway for $16 million, and then again for $17.5 million. The property is zoned ‘Mixed Use’ and suitable for a variety of residential and commercial developments within a transport precinct.
Development sites in commanding locations such as this will continue to provide further upside and strong product demand in years to come.