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Colliers - Gold Coast

1/56 Scarborough Street Southport, QLD 4215

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1/56 Scarborough Street,
Southport, QLD 4215

Shops & Retail

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Colliers - Gold Coast

Colliers - Gold Coast

Level 2 Circle on Cavill, 3184 Surfers Paradise Boulevard
SURFERS PARADISE, QLD 4217
07 5588 02...
Colliers - Gold Coast
1/56 Scarborough Street
Southport, QLD 4215

Map of 1/56 Scarborough Street

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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

Property ID: 503916722Last Updated: 2 Jun 2023

Colliers - Gold Coast
Level 2 Circle on Cavill, 3184 Surfers Paradise Boulevard
SURFERS PARADISE, QLD 4217
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