130 SCARBOROUGH STREET, Southport

  • 15 car spaces
  • Approx 2572 Square metres

PRIME OPPORTUNITY. DA APPROVED 38 LEVEL TOWER SITE

Located on the corner of Scarborough and Windmill Streets, in the heart of Southport, is this prime site with ongoing income.

The Property offers;
- Land size: 2,572m2*
- Building area: 1,429m2*
- Net Holding Income: $177,849 ( with 40% Vacancy )
- Estimated Lease Income when 100% occupied around $360,000 after outgoings
* approx

Features include:
- Several well-established businesses with current leases across both commercial and retail industries
- 9 Commercial/retail spaces, and additional income from 7 self storage units
- 2 street frontage entrances with ample off-street parking spaces
- Large development site with DA in place

The current DA includes:
- 38 level height
- Childcare Centre (60 places)
- 427m2* of commercial office space
- 32 serviced apartments (60 beds)
- 220 residential apartments (424 beds)

The building currently has almost 50% vacancy, so there is massive potential for the rental income to increase almost double. (Vacancies currently advertised for lease)

Positioned near the Southport CBD, this building is close to the Southport Courthouse, Australia Fair, China Town, TAFE, Broadwater Parklands and Aquatic Centre, and a wide variety of dining and shopping, the G-Link (tram) as well as other transport options.

Inspections welcome by appointment. Call Joe Farr to find out more about this fantastic opportunity


Property Location

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