FOR SALE
Expressions of Interest

48 Venice Street
Mermaid Beach QLD 4218

Bedrooms: 7
Bathrooms: 3
Car spaces: 12
Land area: 1642m2
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MERMAID BEACHSIDE DEVELOPMENT OPPORTUNITY - 1,642SQM

First time offered on the market in over 60 years, this Iconic Mermaid Beachside precinct is ready for new owners to create their mark on one of the Gold Coast's most prestigious areas. An exciting opportunity to acquire 2 sites side-by-side 48 Venice Street & 2453 Gold Coast Hwy totalling a massive 1,642sqm making this desirable for the astute Investor or Developer.
Featuring:
Combined 1,642sqm* development site with 2 street frontages totaling 78m*
North Facing Corner Block sitting adjacent to the Mermaid Beach Community Centre and backing onto St Johns Park creating great space separation to nearby buildings
300m to the beach
Currently improved by 5 Commercial tenancies and 1 Residential tenancy generating a holding income of over $290,000* per annum
Favourable underlying Mixed-Use zoning supporting development to twenty-four (24) metres as code assessable
Enjoy unobstructed, protected views of the Mermaid Beach coastline from 3 storeys and above
Centrally positioned among essential lifestyle amenities including Pacific Fair Shopping Centre, Star Casino & Hotel, Hedges Avenue and future light rail stations (Broadbeach South and Mermaid Beach)
Set in an area poised for significant population growth, it stands out as Australia's leading destination for international tourists
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Property Details for 48 Venice St, Mermaid Beach

48 Venice St, Mermaid Beach is a 7 bedroom, 3 bathroom House with 12 parking spaces. The property has a land size of 1642m2. The place is currently for sale with Realty Blue - BURLEIGH HEADS.

Building Type
House
Land Size
1642m2

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About Mermaid Beach 4218

The size of Mermaid Beach is approximately 1.5 square kilometres. It has 5 parks covering nearly 2% of total area. The population of Mermaid Beach in 2011 was 5,722 people. By 2016 the population was 6,524 showing a population growth of 14.0% in the area during that time. The predominant age group in Mermaid Beach is 20-29 years. Households in Mermaid Beach are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mermaid Beach work in a professional occupation. In 2011, 41.3% of the homes in Mermaid Beach were owner-occupied compared with 43.5% in 2016.

Mermaid Beach has 5,622 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 89.00% increase in median value, while Units have seen a 102.72% increase. As at 31 August 2024:

  • The median value for Houses in Mermaid Beach is $2,497,613 while the median value for Units is $961,144.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 39 properties listed for sale, and 39 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 270 properties were sold in the past 12 months in Mermaid beach.

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Chris Laws
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Realty Blue - BURLEIGH HEADS
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