FOR SALE
For Sale $890,000 plus GST if applicable

3009/27 Garden Street
Southport QLD 4215

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 97m2
Land area: 97m2
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7.3% yield! The owners instructions are clear - This must be sold!

This 97m2 tenancy is conveniently located in the heart of the Southport Towers Precinct on the ground level.
This suite represents an outstanding opportunity to acquire a professional suite with retail appeal and is currently occupied by Australian Hearing Clinics, a National tenant who has been in the property for many years.
The current fitout comprises a large open waiting room, 3 individual consulting rooms, a large administration area back of house as well as a kitchen and staff room.
The opportunity provides for an owner occupier if you choose to take advantage of this property's location and amenity. The current tenant has been offered their 3 year option but is yet to secure the tenancy moving forward beyond the end of their lease in December 2024.
The tenancy is surrounded by a vibrant urban mix of residential, retail and commercial use within the Gold Coast's original CBD of Southport.
The Southport CBD provides excellent amenity to locals and the business community with it being recognised as a banking and legal hub for the Gold Coast.
- Net income $65,000 per annum, 7.3% yield
* NLA 97m2 approximately
* Ground Floor Retail position
* Medical fit out
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Property Details for 3009/27 Garden St, Southport

Building Type
Commercial
Floor Size
97m2
Land Size
97m2

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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 19,530 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 254 properties listed for sale, and 133 properties listed for rent in Southport on OnTheHouse. According to CoreLogic's data, 1019 properties were sold in the past 12 months in Southport.

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