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Overseas investor must sell prime Southport retail

Two prime retail lots in Southport are set to go under the hammer in one line at a Colliers International in-room auction being marketed by Lian Lee, Steve Clark and Kyle Youngson.

Situated within the ground floor retail of the Pivotal Point building in Southport (Lots 102 & 103, 2-21 Nerang Street), they feature a combined NLA of 580sqm, 468sqm of internal and 112sqm of alfresco area fronting Nerang Street.

The space is occupied by a café and hairdressing academy with a further 313sqm of vacant space available that features a partial fitout.

Lian Lee says this would be an ideal property for either an investor or owner occupier wanting ground floor retail exposure in the Southport CBD. “The property is very close to China Town and the light rail and right across the road form the Broadwater Parklands,” Mrs Lee said.

Pivotal Point Nerang St Southport

Steve Clark said: “The new owners will benefit from several initiatives in place by GCCC Council including the recent aesthetic upgrades to Nerang Street.”

Mr Youngson added: “The seller’s motivation is very clear, and they have every intention on selling regardless of what the market indicates between now and auction day.”

The property will be auctioned at 11am on Wednesday 16th November at the Colliers International office, Level 2, Circle on Cavill, 3184 Surfers Paradise Boulevard, Surfers Paradise.

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