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.
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.
|Floor Area||650 m²|
|Land Area||810 m²|
|Parking||12 x Onsite parkings|
|Annual Return||Ask Agent|
|Last updated||28 Oct 2020|
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