130 Scarborough Street SOUTHPORT QLD 4215

1429.9 m2 2573 m2
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Corner Development Site with Holding Income

Tony Grbcic and Adam Grbcic from Kollosche (Commercial) are pleased to present to the market, 130 Scarborough Street, Southport.

The Property is located on the corner of Scarborough Street & Windmill Street providing a high level of exposure to people entering the Gold Coasts most prominent CBD, as well as close proximity to the Southport Court House, Australia Fair Shopping Centre and China Town Retail precinct

It is within walking distance to the Southport Court House, Australia Fair Shopping Centre, China Town, Southport Central, the Broadwater Parklands and multiple G-Link Light Rail Stations.

The Property offers;
- Land size: 2,572m2*
- Building area: 1,429.9m2*
- Gross Passing Income: circa $357,000 pa
- Estimated Lease Income at 100% Tenancy = circa $430,000 pa

Improved with two standalone buildings, the property offers 9 commercial and retail tenancies and 7 self-storage facilities, the property not only offers investors a secure and diverse income streams but includes massive development upside.

The Property has current development approval for a unique and landmark development which would comprise:
• 38 Levels
• Childcare Centre (60 places)
• 427m2* of commercial office space
• 32 serviced apartments (60 beds)
• 220 residential apartments (424 beds)

Offered for Sale via Private Treaty.
For all enquiries contact the exclusive marketing agents:

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

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130 Scarborough Street

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Southport The size of Southport is approximately 14.6 square kilometres. It has 58 parks covering nearly 10% ...