This rare opportunity to invest, develop or occupy a low impact industrial site in a prime location in Southport. This offering has potential for an investor to keep the currents tenants and sign brand new leases, clear the land and develop a strata unit complex (STCA) or occupy the space. The motivated owner has made it clear that this property must be sold.
* 2,137m2* total site area
* 473m2* total building area
* Three blocks to be sold in one line
* 88A - 685m2* land area
* 90B - 726m2* land area
* 92A - 726m2* land area
* Current holding income of $66,000 + GST + Outgoings (Tenants pay all outgoings)
* The three blocks currently hold a small house, an office space and a warehouse
* Low Impact Industry zoning
* Major development upside for strata-titled units (Subject To Council Approval)
* Neighbouring Jaguar & Land Rover dealership
* 5 minute drive to Smith Street Motorway
* Motivated owner, clear instructions to sell on or before auction day.
*approx
Please contact agent for more details by clicking on the link above.
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.
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 19,529 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:
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