SOLD
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Sold on 18 Jul 2024 - Price Unavailable

1505/56 Scarborough Street
Southport QLD 4215

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 91m2
Land area: 91m2
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Property Details for 1505/56 Scarborough St, Southport

Building Type
Commercial
Floor Size
91m2
Land Size
91m2
Local Government
Gold Coast City
Lot/Plan
1505/SP175381

Last Listing description (July 2024)

RWC Gold Coast is pleased to present 1505/56 Scarborough Street, Southport to the market for immediate sale. Situated within Southport Central and secured with a lease trail until 31 March 2026 presenting an opportunity to acquire a prominent CBD office asset in one of Australia's most competitive office markets. This fully fitted 91m2* office space is 100% leased and benefits from a modern internal fit-out with design and configuration at the forefront delivering A-grade finishes including a welcoming reception and waiting area, flowing into an open plan working area while providing a generous-sized meeting room, an executive office, an exclusive 6m2 balcony and modern internal kitchenette. This suite is further complemented with one allocated car park. The suite is offered as a tenanted investment generating an approximate annual income of $31,200.00 + GST on a three (3) year term effective from 01/04/2023 with a three (3) year option - an ideal entry-level commercial investment. Located in the heart of the central CBD, this property offers direct proximity to the Legal Precinct, various professional services, transportation infrastructure, M1 access, and ample staff amenities.

• 91m2* of modern office space + 6m2* exclusive balcony
• Practical, configuration and fit-out

• One (1) on-site car parks
• 4% annual rent increases
• Suited to an array of uses
• Southport CBD location with access to surrounding CBD's, commercial centres and staff amenities
• To be sold as a tenanted investment
• Offices of this calibre seldom come available within the Towers - do not miss this opportunity

Please contact the exclusive listing agents for more details by clicking on the link above.

*Approximately

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

Property History for 1505/56 Scarborough St, Southport, QLD 4215

A timeline of how this property has performed in the market
Last Sold
18 Jul 2024
  • 08 Jul 2024
    Sold for $380,000
  • 15 Apr 2024
    Listed for Sale Terms on Application
  • 18 Mar 2017
    Sold for $297,000
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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 19,728 properties. Over the last 5 years, Houses in Southport have seen a 70.87% increase in median value, while Units have seen a 90.24% increase. As at 31 July 2024:

  • The median value for Houses in Southport is $1,019,410 while the median value for Units is $678,453.
  • Houses have a median rent of $750 while Units have a median rent of $630.
There are currently 245 properties listed for sale, and 139 properties listed for rent in Southport on OnTheHouse. According to CoreLogic's data, 1059 properties were sold in the past 12 months in Southport.

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Contact agent
Luke Boulden
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Floyd Na Nagara
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RWC Gold Coast
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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.