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23 - 25 Scarborough Street Southport, QLD 4215


23 - 25 Scarborough Street,
Southport, QLD 4215

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Freehold Westpac Bank Investment - CBD Position

23-25 Scarborough Street, Southport

* Blue chip investment opportunity that ticks all the boxes
* Leased to Westpac: Top 2 ASX listed company with market cap of circa $104 Billion (May 2016).
* $371,527* nett income (as at 4/7/16), all outgoings paid by Westpac, including Land Tax
* Attractive 3% annual increases
* Renewed 7 year lease till Jul 2020 with option till 2025
* Tenant in occupation for 16 years, since 4th July 2000
* Freestanding, modern high quality premises with drive through ATM facilities
* Building originally built by Hutchinson builders, presents immaculately
* Recent internal upgrades completed by Westpac
* 667m2* NLA - 489m2* ground floor, 178m2* level 1
* Includes 22 off street carparks, 6 undercover and 16 on grade
* 1,715m2* land area, substantial site area with 30m street frontage
* CBD position, zoned PDA Precinct 1 - Unrestricted height and density (STCA), offers unlimited future development options
* Fronts Light Rail within very close proximity of stations
* Within busy Retail / Office precinct surrounded by banks and national retailers
* Easily managed single tenant investment

Auction 11am, Thursday 7th July 2016
Gold Coast Turf Club, Racecourse Drive, Bundall
Steven King 0417789599


This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

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.

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Property ID: 501984354Last Updated: 31 Aug 2016

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23 - 25 Scarborough Street
Southport, QLD 4215

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Ray White Commercial - Gold Coast
Level 2, 50 Cavill Avenue
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