1/56 Scarborough Street,
Southport, QLD 4215
Shops & Retail
Price information
Sold
Contact Agent
Key property information
Floor area
Sold on
Colliers - Gold Coast
Level 2 Circle on Cavill, 3184 Surfers Paradise BoulevardSURFERS PARADISE, QLD 4217
07 5588 02...
1/56 Scarborough Street
Southport, QLD 4215
Map of 1/56 Scarborough Street
For Sale $710,000 | Restaurant | 3.9 Year Lease Remains | Circa 7% Yield
- $49,762 p.a Net Income
- Lease Term Until September 2024
- Tenanted By Chilukas Indian Bistro
Colliers are excited to present the opportunity of acquiring an income producing investment that must be sold ASAP. Shop 1, 56 Scarborough Street is a 72.4sqm restaurant tenanted by Chilukas Indian Bistro which has 3.9 years remaining on their initial lease term, followed by another 2 x 5 year options. Offered to the market as an income producing investment, this will suit both new and experienced investors.
The property is located in Southport's Priority Development Area (PDA) with extraordinary foot traffic daily and direct ground floor frontage to Southport Centrals retail precinct. Situated a few short steps away from Australia Fair, the opportunity offers exceptional retail and dining amenity and nearby public transport including the G-Link light rail providing connectivity across the Gold Coast.
Investment Highlights:
• Popular Indian Restaurant With Strong Following
• Great Value For Money Investment
• Located in the Southport Central Retail Precinct
* Highly Motivated Seller
For Sale immediately seeking $710,000, contact exclusive marketing agent.
All areas, distances and figures are approximate
*Approximate
The property is located in Southport's Priority Development Area (PDA) with extraordinary foot traffic daily and direct ground floor frontage to Southport Centrals retail precinct. Situated a few short steps away from Australia Fair, the opportunity offers exceptional retail and dining amenity and nearby public transport including the G-Link light rail providing connectivity across the Gold Coast.
Investment Highlights:
• Popular Indian Restaurant With Strong Following
• Great Value For Money Investment
• Located in the Southport Central Retail Precinct
* Highly Motivated Seller
For Sale immediately seeking $710,000, contact exclusive marketing agent.
All areas, distances and figures are approximate
*Approximate
Property ID: 503916722Last Updated: 2 Jun 2023
Colliers - Gold CoastLevel 2 Circle on Cavill, 3184 Surfers Paradise Boulevard
SURFERS PARADISE, QLD 4217
SURFERS PARADISE, QLD 4217
Contact Agency
More properties from Colliers - Gold Coast
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
519 Olsen Avenue,Southport, QLD 4215 850 m²Shops & Retail • Warehouse, Factory & Industrial
Contact Agent
34 Nerang Street,Southport, QLD 4215 1000 m²Shops & Retail • Offices • Development Sites & Land