Southport freehold investment for sale at auction

A multi-tenanted investment opportunity in the heart of the Southport CBD on the Gold Coast is being offered for sale via auction by Ray White Commercial Gold Coast.

The freehold building at 111 Scarborough Street is being marketed by Steven King of Ray White Commercial. It has three established tenants.

“This multi-tenanted building with holding income is very well positioned within the Gold Coast's CBD,” said King.

The two-storey corner property has a net lettable area of about 294 sqm and is on a land area of approximately 508 sqm.

"The instructions from our vendor are loud and clear – this property will be sold at auction,” said King.

The auction is on May 25.

Earlier this year in February Property Observer reported on a Southport industrial investment that was sold for $1.31 million.