Jackson Rameau and Josh Cameron from RWC Gold Coast are pleased to present to the market 152 Scarborough Street, Southport, a fully leased Southport CBD retail investment with significant development upside, for sale by Public Auction.
This multi-tenanted retail asset is strategically located within the tightly held Southport CBD with massive exposure to Southport's main thoroughfare Scarborough Street, within walking distance to Southport's iconic landmarks and world-class amenity. The centre has a strong net income of $122,072* p.a. + GST + Outgoings and is fully leased to established tenants. Positioned within the Southport Priority Development Area (PDA) precinct, it offers strong development upside with excellent, diversified holding income, making it a rare and valuable opportunity for savvy investors and developers!
KEY FEATURES INCLUDE:
• Net income: $122,072* p.a. + GST + Outgoings
• 405m2* of prime, high-exposure Southport CBD land
• 414m2* building area across two levels featuring three tenancies of 110m2*, 88m2* and 216m2* plus garages
• Fully leased to successful established newsagency, restaurant & massage clinic tenants
• High-exposure position along Southport CBD's busiest thoroughfare
• Zoned Southport PDA (Priority Development Area), maximising future growth & property potential
• Unlimited height provisions & generous zoning under the Southport PDA (STCA^)
• Walking distance to the G:Link Light Rail, Broadwater Parklands, Australia Fair Shopping Centre, Gold Coast
Aquatic Centre, retail, cafés and restaurants
• 5 minutes* to Main Beach, Seaworld, M1 Motorway, Griffith University & Gold Coast Health Precinct
• 30 minutes* to Gold Coast Airport
• Our owner is genuine about selling!
• Do not miss this income-producing asset in a central location with unbeatable growth and development upside!
This property is offered for sale by Public Auction to be held 11am Thursday 1st May 2025 at the Gold Coast Turf Club, Racecourse Drive, Bundall QLD.
For more information or to arrange a private inspection, please contact the exclusive marketing agents Jackson Rameau on 0438 451 112 or Josh Cameron on 0497 885 939.
Disclaimer: The website may have filtered the property into a price bracket for website functionality purposes. RWC Gold Coast 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 RWC Gold Coast divisions toward the recipient with regard to the use of this information and all information given is given without responsibility. *Approximately
