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84 Scarborough St 3,638 SF 100% Leased Retail Building Southport, QLD 4215 $2,605,320 ($716.10/SF) 4.92% Cap Rate
Investment Highlights
- Fully leased freehold property with four tenancies, including Subway
- Strong income profile with established tenants in place.
- Located within Southport PDA Precinct 1, offering future development upside.
Executive Summary
This iconic Southport freehold property presents a rare opportunity to acquire a fully leased investment in the heart of the Gold Coast CBD. The property comprises a 338.2 m² building on a 665 m² land parcel within the Southport PDA Precinct 1, offering both immediate income and long-term development potential. Currently anchored by Subway Restaurants and supported by three additional mixed-use tenants, the property generates a strong and stable income stream. Its prime location ensures high pedestrian and vehicular traffic, with direct exposure to the Light Rail and proximity to Chinatown, Australia Fair Shopping Centre, and major corporate and residential developments.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,638 SF
Building Class
C
Price
$2,605,320
Price Per SF
$716.10
Cap Rate
4.92%
NOI
$128,095
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.51
Lot Size
0.16 AC
Frontage
46’ on Scarborough Street
Amenities
- Signage
- Air Conditioning
- Balcony
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84 Scarborough St
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