FOR SALE
Sale Price Unavailable

106/2 Nerang Street
Southport QLD 4215

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 372m2
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Prime Retail Investment

• Free hold restaurant for sale in high profile position on the corner of Gold Coast Highway and Nerang Street.
• Seating capacity for approximately 132 seats.
• Current tenant has been in place since 2009 with income netting $196,000 per year + outgoings + GST.
• Long term Tenant willing to complete new deal.
• CBD location with Broadwater views and close proximity to tram station and major bus interchange.
• This busy location with exposure to approximately 40,000 cars passing daily
• An inspection will impress.
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Property Details for 106/2 Nerang St, Southport

Building Type
Commercial
Floor Size
372m2

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About Southport 4215

The size of Southport is approximately 14.6 square kilometres. It has 37 parks covering nearly 18.2% of total area. The population of Southport in 2011 was 28,314 people. By 2016 the population was 31,879 showing a population growth of 12.6% in the area during that time. The predominant age group in Southport is 20-29 years. Households in Southport are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southport work in a professional occupation. In 2011, 41.2% of the homes in Southport were owner-occupied compared with 37.9% in 2016.

Southport has 19,538 properties. Over the last 5 years, Houses in Southport have seen a 71.54% increase in median value, while Units have seen a 97.15% increase. As at 31 October 2024:

  • The median value for Houses in Southport is $1,056,663 while the median value for Units is $718,523.
  • Houses have a median rent of $745 while Units have a median rent of $650.
There are currently 256 properties listed for sale, and 130 properties listed for rent in Southport on OnTheHouse. According to CoreLogic's data, 1020 properties were sold in the past 12 months in Southport.

Suburb Insights for Southport 4215

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Doug Garvie
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Neelam Brown
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Republik Property Partners
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.