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Two Southport commercial assets snapped up for $2.955M

TWO outstanding commercial assets in the ever-popular Gold Coast suburb of Southport have been snapped up for a combined $2,955,000 following successful auctions campaigns.

80 Minnie Street(pictured above) was bought by an investor for $1,650,000 and 170 Scarborough Street(pictured below) was purchased by an owner-occupier for $1,305,000.

The properties were marketed and sold by Ray White Commercial Gold Coast Sales Specialist Michael Willems.

Mr Willems said Southport was really coming back as the ‘Gold Coast’s CBD’, given it was a hot location with easy access by light rail, and major projects were either commencing or in the pipeline.

“These two auction campaign sales are a great indication of the competition that’s currently afoot in Southport – people simply want to buy and invest here,” he said.

“170 Scarborough had five competing registered bidders and that produced 26 bids. 80 Minnie had three bidders battling it out and attracted seven bids in total.

“170 Scarborough is an architecturally designed two-level freestanding office building with five executive offices, MD suite/boardroom with its own full bathroom, separate boardroom, full kitchen upstairs and kitchenette downstairs.

“The asset comprises an impressive atrium reception and meeting room and large open-plan area with multiple workstations. Allocated on-grade car parking is provided for nine vehicles.

“80 Minnie offers excellent connectivity and accessibility to a wide variety of business and lifestyle amenities across the Gold Coast.

“Features include two container height roller doors, separate male and female toilets, high clearance insulated roof, semi-trailer access and ample on grade car parking.”

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