Iconic Southport Freehold with Strategic CBD Holding
Ray White Commercial Gold Coast is pleased to present to the market 84 Scarborough Street, Southport - an iconic, 100% leased Southport Freehold comprising a 338.2sqm* building with heritage dating back to 1932, situated on a sizable 665sqm* land parcel within the Southport PDA Precinct 1. Anchored by Subway Restaurants and supported by three additional mixed use tenants generating a total net income of $121,931.84 + GST, 84 Scarborough Street offers an ideal opportunity to secure an income producing asset with future upside potential within the central Gold Coast's growth corridor.
Central CBD location with direct proximity to Chinatown and surrounding dining & nightlife, G:Link Light Rail Station, Australia Fair Shopping Centre as well as corporate centers and high density residential.
* 338.2sqm* building area plus a 665sqm* land parcel * Four tenancies generating $121,932.84 net income per annum + outgoings + GST * Subway, ROK Karaoke and Eika's Beautician all recently exercising their options * High passing pedestrian traffic locale, with exposure to passing vehicle traffic and G:Link Light Rail passengers * Southport PDA Precinct 1 offering future development upside
Contact exclusive agents to secure a copy of the Information Memorandum and to discuss the property in further detail.
Disclaimer: Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.