130 - 136 Scarborough Street, Southport, QLD 4215

For sale

Expression of Interest

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. This building is now fully leased, and provides an exceptional opportunity for the astute investor, to land bank something spectacular in the heart of Southport.

The Property offers:

• Land size: 2,572m2*

• Building area: 1,429m2*

• Currently returning approx. $330,000 gross

• Current net rent approx. $250,000

• All tenancies now leased

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 potential height zoning

• Childcare Centre (60 places)

• 427m2* of commercial office space

• 32 serviced apartments (60 beds)

• 220 residential apartments (424 beds)

The building currently has almost 100% vacancy, so there is massive potential for secure income.

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.

Lorenzo square.profile
CEO & Principal

Got a property to sell? Contact us for a free Property Estimate

Property Info:
  • Property ID: L15775895
  • Property Type: Land
  • Land Area: 2573.0 sqm
We Know Your Area
R&H Suburb Profile: Southport

R&H Suburb Summary Houses
Number of sales 423
Average Price $886,897
Median Price $701,000
Median Rental Price $530 p.w.
Change in Rental Rate (5yr) 18 %
R&H Suburb Summary Units
Number of sales 1023
Average Price $522,108
Median Price $385,000
Median Rental Price $450 p.w.
Change in Rental Rate (5yr) 25 %
Southport, QLD - Median Trend
$701,000