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127 Nerang St 22,658 SF 100% Leased Office Building Southport, QLD 4215 $4,261,740 ($188.09/SF) 2.10% Cap Rate
Investment Highlights
- Positioned directly on the Gold Coast Light Rail corridor, offering strong transport connectivity and exposure.
- 2,105 m² high-profile corner site with dual frontage along Nerang and Cougal Streets for excellent visibility.
- Within walking distance to Queen Street Village, health precincts, schools, and other essential amenities.
- Located within the Southport PDA Precinct 1 zoning, providing unlimited building height potential (STCA).
Executive Summary
127 Nerang Street presents a rare opportunity to acquire a fully-leased freehold commercial asset in the heart of Southport’s Central Business District. Occupying a 2,105 m² corner site within the Southport PDA Precinct 1 zoning, the property benefits from unrestricted building height and long-term redevelopment potential, subject to council approval. Its prime dual frontage along Nerang and Cougal Streets ensures maximum exposure, directly across from the Gold Coast Light Rail corridor and within walking distance to Queen Street Village, St Hilda’s School, and significant health facilities.
Currently improved with low-rise commercial buildings and leased to multiple tenants on terms incorporating annual rental increases, this asset delivers a diversified income stream and a net income of approximately $125,985.76 per annum. The combination of secure income, exceptional location amenity, and strong development upside makes this an attractive acquisition for investors and developers alike.
Currently improved with low-rise commercial buildings and leased to multiple tenants on terms incorporating annual rental increases, this asset delivers a diversified income stream and a net income of approximately $125,985.76 per annum. The combination of secure income, exceptional location amenity, and strong development upside makes this an attractive acquisition for investors and developers alike.
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Medical
Building Size
22,658 SF
Building Class
C
Price
$4,261,740
Price Per SF
$188.09
Cap Rate
2.10%
NOI
$89,486
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,334 SF
Building FAR
1.00
Lot Size
0.52 AC
Amenities
- Signage
- Wheelchair Accessible
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127 Nerang St
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