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Sold on 10 Dec 2024 - Price Unavailable

16/105 Scarborough Street
Southport QLD 4215

Bedrooms: -
Bathrooms: -
Car spaces: 20
Floor area: 1276m2
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Property Details for 16/105 Scarborough St, Southport

Building Type
Commercial
Floor Size
1276m2

Last Listing description (December 2024)

High Yielding Gold Coast Investment - Brand New 12 Year Net Lease to 2033

The asset has the following key investment features:
- Brand new 12 year net lease to 2033 + option

- Favourable 3.5% fixed annual rent increases
- Mastery Schools Australia – Fully enrolled Special Assistance Educator across five campuses nationally and expanding
- Secure fully government-funded social infrastructure investment providing safe and fixed long-term income growth
- Well-configured 1,276 sqm* ground floor CBD investment
- 20 valuable secure basement car parks included
- Strategic position in a busy office and retail precinct adjacent to Queensland TAFE
- 150 metres* to Australia Fair Shopping Centre, recently undergoing a significant $50 million refurbishment
- 125 metres* to Gold Coast Highway (26,514+ vehicles daily)
- 200 metres* to Southport Light Rail Station
- Expertly designed educational layout incorporating modern fit-out, providing favourable depreciation benefits
- 9b Certification (Education Establishment)
- New dedicated internal amenities and kitchen installed
- New air conditioning plant recently installed.
- Significant depreciation benefits available.

- Net Income $549,770 pa* + GST
- Net Lease – Tenant responsible for all 100% of outgoings including Land Tax
- Lease secured by Bank Guarantee including base rental, outgoings and GST

For a detailed Information Memorandum and Data Room access please contact the exclusive marketing agent.
Brad Duncalfe 0419 641 058

Property History for 16/105 Scarborough St, Southport, QLD 4215

A timeline of how this property has performed in the market
Last Sold
10 Dec 2024
  • 10 Dec 2024
    Sold
  • 29 Oct 2024
    Listed for Sale For Sale by Private Treaty
  • 11 Jul 2023
    Listed for Sale Contact Agent
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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 19,707 properties. Over the last 5 years, Houses in Southport have seen a 67.64% increase in median value, while Units have seen a 97.51% increase. As at 30 November 2024:

  • The median value for Houses in Southport is $1,058,255 while the median value for Units is $719,406.
  • Houses have a median rent of $750 while Units have a median rent of $650.
There are currently 226 properties listed for sale, and 134 properties listed for rent in Southport on OnTheHouse. According to CoreLogic's data, 1061 properties were sold in the past 12 months in Southport.

Suburb Insights for Southport 4215

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Brad Duncalfe
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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.