Key tenancies within a prominent Mermaid Beach commercial precinct including Sizzler, a medical centre and a former cinema have been advertised for lease.
The Sizzler space at 2506 Gold Coast Highway is being marketed as ‘The Best Retail Space in Mermaid Beach. First Time on the Market in 35 Years’.
Leasing agent Ricky Mahuika said he couldn’t comment on “whether they’re [Sizzler] staying or they’re going”, citing commercial in confidence.
Sizzler has long been a family favourite on the Gold Coast, offering buffet-style dining for breakfast, lunch and dinner sessions seven days a week.
The Mermaid Beach outlet is one of nine Sizzler restaurants remaining in Australia, including Caboolture, Loganholme, Maroochydore, and Toowoomba in Queensland, Campbelltown in NSW and Innaloo, Kelmscott and Morley in Western Australia.
The 650 sqm restaurant has a high-profile position fronting the Gold Coast Highway with neighbours including KFC, a medical centre and pharmacy.
Listed as price on application, ‘Negotiable COVID-19 Rental Incentives’ are being offered for the stand-alone Sizzler site along with two neighbouring tenancies.
Also up for lease is the former Mermaid Cinema Centre, another landmark located at 2507 Gold Coast Highway.
First opened in the early 1980s, the complex was at one point the largest cinema in Queensland with five theatres seating up to 1600 people.
With McDonalds, KFC, Sizzler and the Putt-Putt Golf all nearby, the cinema precinct became a popular entertainment and dining hotspot for Gold Coast families.
The Mermaid Beach cinema closed in 2002, following the opening of new cinemas at Pacific Fair and Robina Town Centre.
Tenancy on two 750 sqm movie theatres in original condition are now being offered for lease for the first time in 18 years.
Featuring the original layout and art deco styling, the space could be reconfigured for laser tag, south booths or other retail options, according to the listing.
A 821 sqm space at 1/2509 Gold Coast Highway, Mermaid Beach is also advertised for lease.
Allied health professionals have been named as suitable tenants to complement the existing Mermaid Beach Chempro Chemist and St George on Mermaid Beach Medical Centre, which opened earlier this month.