CBRE is pleased to present this modern office building in the heart of Southport with a strong tenant profile including two ASX-listed tenants in NAB and APM.
27 Scarborough Street is a strongly positioned two-storey office building in the Southport CBD. Built in 2003, the building comprises three tenants, including ASX-listed companies NAB and APM with two levels of basement car parking for 74 vehicles.
The property represents an opportunity to acquire a superbly located, low maintenance office building in one of the tightest office markets in Australia. The Gold Coast currently has a vacancy rate of 6% across all precincts which represents the lowest rate in over 15 years.
27 Scarborough Street is located in the commercial heart of Southport and is positioned in close proximity to major amenity including the Southport Courthouse, Australia Fair, Gold Coast Aquatic Centre, and Gold Coast private schools St. Hilda's and the Southport School which remain key drivers to the area.
The property also falls within the Southport Priority Development Area (PDA), which allows for future redevelopment not strictly dictated by the regular City Plan planning constraints. Removing the usual planning scheme limitations means the property holds significantly greater development potential with a more diverse range of potential outcomes.
For more information, please contact the exclusive selling agents.
(All measurements, distances, outlines are indicative only)