OFF MARKET

24-26 Scarborough St
Southport QLD 4215

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1864m2
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Property Details for 24-26 Scarborough St, Southport

Building Type
Land
Land Size
1864m2
Local Government
Gold Coast City
Lot/Plan
2/RP4780

Last Listing description (April 2024)

1871sqm land area, 5 lots
Core CBD position
Southport (PDA) Precinct 1

Three street forntages

(1A owens lane can be purchased seperate, total size 405m2)

Prominently positioned within the core of the Southport Central Business District (Gold Coast CBD), the site enjoys easy immediate access to local retail amenities, cafes, restaurants and services including, Australia Fair, Gold Coast China Town precinct and the Nerang Street Rapid Transit Station.

Surrounded predominantly by legal and financial sector businesses due to the immediate proximity of the Southport Court House, the site borders the Gold Coast City Council's recently proposed Towers Of Power Government and Court precinct, a proposed $300 million development.

The proposed Scarborough Street Redevelopment will be an exciting urban renewal project, intended to be a positive contribution to the Southport skyline and CBD of the Gold Coast.

Key features include:
- 1871sqm* land area, 5 lots
- Significant position within the core of the CBD
- Adjoins GCCC proposed $300m* plus Towers Of Power Government and Court precinct
- Existing DA approval for two towers
Ground level shops three (3) tenancies fronting Scarborough Street and one (1) to White Street.
Approximately 456m2 of shop GFA.
Two (2) apartment buildings:
North tower above shops, 32 storeys in height;
South tower nine (9) storeys.
A total of 221 dwellings and 311 bedrooms.
Car parking is provided in three (3) basement levels accommodating 102 parking spaces.
- Surrounding amenities include light rail, shopping, retail and dining
- State Government Priority Development Area (PDA - Precinct 1), unlimited height & density of 1 brm/9sqm.
- Multiple alternate use development options
- Spectacular potential views over Broadwater, South Stradbroke Island and Ocean
- Also known as 1A Owens Lane, Southport & 4 and 4A White Street Southport.

Please contact Vivienne Dong to request the Information Memorandum.

*Approximately

Property History for 24-26 Scarborough St, Southport, QLD 4215

A timeline of how this property has performed in the market
Last Sold
$4,000,000
05 Nov 2013
  • 30 Oct 2023
    Listed for Sale Present Offers - Motivated Seller
  • 24 Mar 2021
    Listed for Sale CONTACT AGENT
  • 12 Sep 2018
    Sold for $6,880,428
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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, 1054 properties were sold in the past 12 months in Southport.

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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.