1/115 Scarborough Street, Southport, QLD, 4215

Perfect SMSF investment with ready income and vacant space for your business to occupy. This single title is split in to 2 tenancies and is located right in the heart of the Gold Coast CBD. Each tenancy has individual power meters

A short walk brings you to Light rail station, major bus hub, Magistrates court , Australia Fair Shopping centre. Southport is regarded the major centre for Education, Legal services, Health services and retail shopping.

The property in situated within the CBD Precinct 1 priority development zone in Southport which provides a number of uses that do not require application to council. Some of these include Medical/Health care , Educational, Shop, Restaurant/takeaway, Caretaker ( living on site).
Additionally this location provides encouragement for high density redevelopment with unlimited height and unlimited density. The entire building sits on 782m2 of land.

Tenancy 1A comprises 81m2 of internal space with an additional 5 m2 of lockable exclusive use area located immediately at the rear of the tenancy. The current use is as a real estate agency and the tenancy has a solid plaster false ceiling with concrete slab above. All partitions are non weight bearing and can be removed if required. There are 3 split system, Mitsubishi AC units and a kitchenette at the rear. This tenancy is also connected to an 1100m3 waster water trap registered with GCCC. There are 3 car spaces allocated to lot 1 and 1A has 2 spaces. It is intended to provide vacant possession for the 1A tenancy.

Tenancy 1B comprises 92m2 of internal space and has one allocated car space. This tenancy has a lease to GC convenience store at the rate of $42,000 per annum plus GST inclusive of outgoings. The lease runs for 3 years and commenced 01/07/2025 with an option of 3 years. The lease has a demolition clause in place to facilitate redevelopments of the site. The tenancy comprises of an extensive convenience store fitout, tiled floor through out, 2 split system AC units and new acoustic tile ceiling.

There are 3 common bathrooms , one with shower and potential to easily install private amenities within tenancy 1A.

3D Walkthrough - 

https://openhouse.littlehinges.com.au/tour/Unit_1-_115_Scarborough_Street-_SOUTHPORT_QLD_4215

As the property is being sold as a going concern GST is not applicable provided the buyer meets the relevant criteria.

**Please see our comprehensive walk through tour via the online tour link**

*Outgoings are available in the downloadable document section