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118 & 120 Scarborough Street Southport QLD 4215

  • Shop & Retail
  • 650 m²
  • For Sale, $2,399,995

Here is your opportunity. 3 tenancies under 2 tittles in the heartbeat of the CBD. The future potential is endless. Make an offer this must be SOLD.

    Currently on offer is 118-120 Scarborough street. we have three tenants under two tittle spanning across the busiest street in southport with the potential to invest or re develop as it falls in the PDA1 zoning area.

    Key Features.

    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 currently vacant (potential rent $4600* per month)
    Office at rear is vacant - (potential rent $1,000* per month)
    Basement Parking for up to 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 Currently leased.
    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 Highlights

    Property ID2016255369
    Floor Area650 m²
    Land Area810 m²
    Parking12 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityVacant
    Category
    Last updated  28 Oct 2020
    Map for 118 & 120 Scarborough Street Southport QLD 4215
    Map for 118 & 120 Scarborough Street Southport QLD 4215118 & 120 Scarborough Street Southport QLD 4215
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

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    Amir Mian Prestige
    2268 Gold Coast Highway Mermaid Beach QLD 4218

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