2,709m2 High Exposure Corner Site with Significant Net Income
Jared Johnson and Taylor Jones of Coastal Commercial are privileged to exclusively present 127-129 Nerang Street, Southport to the market for sale via Auction. Prominently positioned on a key Southport corner, this 2,709m2* freehold site offers dual frontage to Nerang and Cougal Streets, directly fronting the Gold Coast Light Rail corridor and in close proximity to the CBD. The site is improved with low-rise commercial buildings and is fully leased to multiple tenants, delivering a strong and diversified income stream while offering flexibility for future repositioning or redevelopment. Located within the Southport PDA Precinct 1 (Central Business District) the site benefits from unrestricted building height and strong long-term development potential (STCA).
The property is walking distance to the G-Link Light Rail, Queen Street Village, St Hilda's School, and major health infrastructure including Pacific Private Hospital, The Southport Private Hospital and the Southport Health Precinct.
The sellers are extremely motivated and will consider all cash unconditional offers prior to Auction. Should the property not sell beforehand, it will be offered via public Auction at 11:00am on Wednesday, 22nd of April at the Coastal Commercial office, Level 1, 16 Queensland Avenue, Broadbeach.
This outstanding offering can be summarised by the following key attributes:
• Irreplaceable blue-chip freehold commercial asset in a tightly held Southport location
• 2,709m2* prominent corner site with dual street frontage
• 42m* frontage to Nerang Street and 66m* frontage to Cougal Street
• Multi-tenanted investment providing a diversified income stream, fully leased with recently negotiated 2-5 year terms, most incorporating annual rental increases
• Located within the Southport PDA Precinct 1 (Central Business District) allowing unrestricted height (STCA)
• Strong existing rental income with potential future upside
• High-exposure position opposite the Gold Coast Light Rail corridor
• Walking distance to key amenities including G-Link Light Rail, Queen Street Village, St Hilda's School, and major health infrastructure including Pacific Private Hospital, The Southport Private Hospital and the Southport Health Precinct
• Excellent connectivity to the Southport CBD and key Gold Coast transport routes
Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
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