Skip to main content Skip to footer
  • For sale
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #1
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #2
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #3
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #4
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #5
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #6
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #7
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #8
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #9
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #10
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #11
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #12
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #13
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #14
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #15
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #16
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #17
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #18
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #19
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #20
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #21
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #22
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #23
100% Leased Investment with New 10-Year Lease | Net income $1,018,931* - #24
Colliers is pleased to present 121 Scarborough Street, a high profile 3-level office building in the Gold Coast’s CBD of Southport.

This long WALE investment opportunity is anchored by an existing 8 year lease to the Queensland Government plus a new 10 year lease to a national tenant due to commence 1st January 2023.

As part of the new 10 year lease, an extensive fit-out program is scheduled for H2 2022 across the top two levels of the building ($2.5m in works).

As a result, 121 Scarborough is set to offer an incoming investor a fully-leased asset with 96% of NLA to be occupied by Government and National Tenants with a 7+ year WALE (by area).

Building features include:
- Net income: $1,018,931 pa (as at 1 January 2023)*
- Net Lettable Area: 3,052sqm*
- Land area: 1,656sqm with two street frontages*
- 82 carparks (secure basement) with 1:37 parking ratio
- 7.19 year W.A.L.E. (by NLA)
- 100% occupancy^
- 96% leased to Government / national tenants
- 3-level office building with excellent natural light
- NABERS (Energy) 3.5-star rating
- Mixed-use land with unlimited height zoning (1 bedroom / 9sqm residential density)
- Large flexible floor plates (circa 1,000sqm) with central core
- Short walk to Light Rail, Broadwater & Australia Fair Shopping Centre
- Genuine seller, don’t miss this rare long lease investment opportunity

Due diligence is available upon request via a data room after completion of Confidentiality Agreement.

For more information contact Colliers exclusive agents, James Crawford or Steven King.

* all figure are approximates
~ outlines indicative only
^ the income, WALE and occupancy are subject to lease execution and fit-out works being completed.