1/89 Landsborough AvenueScarborough QLD 4020
Property Details for 1/89 Landsborough Ave, Scarborough
Last Listing description (February 2025)
Prime real estate with a 20 year lease in place this is a rare commodity
* On the waterfront overlooking Moreton Bay
* 203m2 area that includes an outdoor covered al-fresco dining area with drop-down screens
* Additionally, 2 car parks (one in secured area in downstairs carpark) and 1 storage cage
* Currently leased and operating as a BYO Café/Restaurant and Function Venue with 80+ seating capacity (50 inside, 30 outside)
* Fully air-conditioned (2 x 14kw Ducted Systems – one of them was replaced Jan 2025)
* Wheelchair accessible
* Undercover parking
* 20 year lease in place (5 x 5 x 5 x 5)
* Lease start date was 21/10/2022
* CPI increase each year
* Option periods: 5% rent increase
* Current year's lease is : $84,164.30 inclusive
* Tenant pays for Rates, Water, Electricity
* Body Corporate fees are paid by Landlord and is approx $1,200 per year (for 1/77th insurance for Common Areas). There are no further Body Corporate fees as the two Commercial lots have a separate Body Corporate to the Residential Lots of the Scarborough Beach Resort.
Property History for 1/89 Landsborough Ave, Scarborough, QLD 4020
- 21 Feb 2025Listed for Sale Expressions of Interest
- 16 May 2024Sold for $740,000
- 17 Apr 2019Listed for Sale Not Disclosed
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0About Scarborough 4020
The size of Scarborough is approximately 3.3 square kilometres. It has 8 parks covering nearly 6.2% of total area. The population of Scarborough in 2011 was 7,985 people. By 2016 the population was 8,704 showing a population growth of 9.0% in the area during that time. The predominant age group in Scarborough is 50-59 years. Households in Scarborough are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Scarborough work in a professional occupation. In 2011, 57% of the homes in Scarborough were owner-occupied compared with 60% in 2016.
Scarborough has 4,977 properties. Over the last 5 years, Houses in Scarborough have seen a 82.07% increase in median value, while Units have seen a 103.75% increase. As at 28 February 2025:
- The median value for Houses in Scarborough is $1,066,301 while the median value for Units is $994,027.
- Houses have a median rent of $650 while Units have a median rent of $630.
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