130 SCARBOROUGH STREET, Southport, QLD 4215

Development/Land | Offices | Retail

For Sale Prime Southport Site! ONE OF A KIND

  • Property ID: 393205
  • Floor Area: 1429m²
  • Land Area: 2572m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
PRIME OPPORTUNITY. DA APPROVED 38 LEVEL TOWER SITE

Located on the corner of Scarborough and Windmill Streets, in the heart of Southport, is this prime site with ongoing income.

The Property offers;
- Land size: 2,572m2*
- Building area: 1,429m2*
- Currently returning approx. $330,000 gross
- Current net rent approx. $250,000
- Estimated Lease Income when 100% occupied around $430,000 after outgoings
* approx

Features include:
- Several well-established businesses with current leases across both commercial and retail industries
- 9 Commercial/retail spaces, and additional income from 7 self storage units
- 2 street frontage entrances with ample off-street parking spaces
- Large development site with DA in place

The current DA includes:
- 38 level height
- Childcare Centre (60 places)
- 427m2* of commercial office space
- 32 serviced apartments (60 beds)
- 220 residential apartments (424 beds)

The building currently has almost 50% vacancy, so there is massive potential for the rental income to increase almost double. (Vacancies currently advertised for lease)

Positioned near the Southport CBD, this building is close to the Southport Courthouse, Australia Fair, China Town, TAFE, Broadwater Parklands and Aquatic Centre, and a wide variety of dining and shopping, the G-Link (tram) as well as other transport options.

Inspections welcome by appointment. Call Joe Farr to find out more about this fantastic opportunity

Southport Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $6726 $410 6.09%
Offices $3854 $336 8.73%
Industrial $3543 $139 3.92%
This is the average advertised price, rent and yield for Southport, QLD 4215*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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