Prime Southport Property Portfolio
Strategic Investment Opportunity
High-Yield Commercial Spaces
An exceptional opportunity to invest in premier retail, commercial, and development sites in Southport, offering significant yield and growth potential. 1, 1a, and 5 Nerang Street offer prime retail and commercial office spaces with an 80% occupancy rate, primarily leased to government-affiliated tenants. These properties span 2393m² with dual street frontages and provide 20 parking spaces. The current net income is $832,683.47, and the estimated acquisition yield ranges from 4% to 5%, equating to $16.7m – $20.8m.
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Development Potential with Spectacular Views
58a Marine Parade is a vacant 5691m² development site with breathtaking views over the Broadwater, Marina Mirage, the Spit, and the ocean. Located within the Southport Priority Development Area (PDA), it benefits from expedited development approvals. The site is valued between $20m – $25.5m, or $3,500m² – $4,500m², with higher values achievable when combined with the Nerang Street properties.
