20433841 | Scarborough Street SOUTHPORT QLD

118 and 120 Scarborough Street SOUTHPORT, QLD 4215

For Sale $2,400,000

Prime Southport CBD Free Standing Shops - Future Re-Development Potential PDA Zoning- Blue Chip Location!

Retail - SOUTHPORT QLD

• Free Standing two buildings, no body corporate, Blue Chip Location
• First time on market in 28 years! Tightly held precinct
• Most prominent surrounding commercial/ high rise residential district.
• Holding Income + vacancy upside, Excellent exposure and access
• Priority Development Zoning- Precinct 1, Potential to redevelop
• Both single-level commercial buildings with basement parking
• Would suit owner occupiers, investors or developers
• Located in the Southport Priority Development Area (PDA) Precinct 1
• Highly motivated seller wants this sold, seeking all offers

Property Address: 118 Scarborough Street is 405m2* Block: $1.2 million

Featuring 2 Shops at front and office at rear
Shop 1 is currently vacant (potential rent – $4,000* per month)
Shop 2 is leased at $4600* per month – leased until 30/04/2019
Office at rear is vacant – (potential rent $1,000* per month)
Basement Parking for upto 6-8 cars
His and Her bathrooms
GCC Land rates: $5,352.32 for 6 months
Full potential yield if all were tenanted would be approximately $115,200* per annum gross

Property Address: 120 Scarborough Street, Southport: $1.2 Million

Prime Block of land approx 405m2*
Featuring 1 large shop – $3,000* per month leased until 3/08/2019
Basement parking for 6 cars
Bathroom at rear
GCC Land rates: $5,206.66 for 6 months
Total income = $36,000

These properties can be bought separately as they have separate Titles.

Shopping Centre, 300m* to Smith Street Motorway for access to M1 Motorway
Brilliantly positioned freehold property, High traffic location with easy access
Owners absolutely determined to sell.
Basement parking for 6 cars.

250m* to Tram Station and Broadwater Parklands, 200m* to Tafe Qld and Australia Fair Shopping Center, minutes to Smith Street Motorway for access to M1 Motorway
Brilliantly positioned freehold property, meter to china town, High traffic location with easy access, 10 minutes to surfers paradise and university hospital.
Owners absolutely determined to sell.

Contact agent for more information memorandum.

*Approx. *Please note outlines are indicative only. Disclaimer: The above information has not been verified. All the measurements including building size etc is indicative only and it has not been verified or measured to scale. We advise you confirm the accuracy of details before entering into a contract. Prestige Property Agents and its employees cannot be held responsible for any inaccurate details supplied here.

Property Features
  • Retail
  • Land is 810 m²
  • Floor Area is 650 m²
  • 12 Com Car Spaces
Commercial Features
Zone

PDA 1 (Retail, Office, Residential Units)

  • Satelite
  • Transit
  • Bike
  • Comparables

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