SOLD
RECENT ADVICE
Sold on 13 Nov 2024 for $7,450,000

89 Scarborough Street
Southport QLD 4215

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1932m2
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Property Details for 89 Scarborough St, Southport

Building Type
Commercial
Floor Size
1932m2
Local Government
Gold Coast City

Last Listing description (November 2024)

• NLA – 1932sqm over 5 Levels plus basement parking.
• 96% leased with only 110sqm vacant.
• Gross income = $820,923.74pa + GST.

• Annual outgoings = $225,188.73 (2023-2024 actual).
• High Profile CBD position.
• 80m to Australia Fair Shopping Centre.
• Positioned across the road from a Gold Coast Light Rail Station and major bus interchange.
• Recent capital expenditure included new lift, new air conditioning, electrical wiring, new retail shop fronts, new roof, LED lighting in all tenancies and common areas, new double-glazed windows on all levels to reduce noise and heat, installed disabled bathrooms and ambulant bathrooms, replaced fire panel/alarms/sensors and PA plus security cameras on every floor.
• There is absolutely nothing to do - all the works in upgrading the building has been completed.
• 0.0 Star Nabers Energy Rating.
• Potential to uplift the income.

Contact exclusive agent Doug Garvie for an IM and further details

Property History for 89 Scarborough St, Southport, QLD 4215

A timeline of how this property has performed in the market
Last Sold
$7,450,000
13 Nov 2024
Listed for Rent
$383/w
04 Jun 2024
  • 13 Nov 2024
    Sold for $7,450,000
  • 30 Jul 2024
    Listed for Sale Contact Agent
  • 26 Feb 2024
    Listed for Rent - Price not available
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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 19,538 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 256 properties listed for sale, and 130 properties listed for rent in Southport on OnTheHouse. According to CoreLogic's data, 1020 properties were sold in the past 12 months in Southport.

Suburb Insights for Southport 4215

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Contact agent
Doug Garvie
Show contact details
Republik Property Partners
Preferred contact:
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.