Mermaid Beach office sold for $2.31 million
Staff reporterDecember 7, 2020
A multi tenanted commercial property at Mermaid Beach has been sold for $2.31 million.
Located at 43 Alfred Street, the property is fully leased to three tenants with a net income of $165,092 per annum.
There will be 4% annual increase reviews.
The majority of the income is secured by a top 10 ranked Ray White franchise.
All of the tenants have long term lease expiry dates.
It is a two level fully refurbished botique building with exposure to Gold Coast Highway located opposite a beachside retail centre.
The property was offered through Ray White agent Steven King.