Offering a rare and highly lucrative dual-income opportunity, this unique mixed-use property on a prime 410sqm block is centrally positioned in the vibrant heart of Southport. Delivering the perfect blend of commercial return and character-filled residential living, this property is the ultimate find for savvy investors seeking strong yields or owner-occupiers looking to live comfortably while generating a steady income. From the moment you arrive, the prime street frontage showcases a beautifully presented commercial space. Currently operating as a stylish hair salon, complete with a chic modern fit-out, the front building is leased until May 2027 returning $500 per week. Tucked away at the rear is a private residence offering comfortable living. Upstairs, the light-filled floor plan features two generously sized bedrooms, a highly functional kitchen, an open living and dining area, and a bathroom. Downstairs expands your living options entirely, offering a sprawling multi-purpose room, a large rumpus area and an additional toilet and shower which is perfect as a teenager's retreat, home office, or versatile family space. The residential home is currently on a periodic lease returning $550 per week. This offers incredible flexibility: retain both tenancies for a strong combined income of $1,050 per week, or simply move in and enjoy the benefit of an ongoing commercial revenue stream. Complete with a generous, fully-fenced grassy backyard, a spacious carport, and additional off-street parking, this property is packed with potential. Property Features ▪️ Rare mixed-use property on a 410sqm block in central Southport ▪️ Secure commercial tenancy at the front ▪️ Upstairs residence features 2 generous bedrooms, kitchen, living/dining, full bathroom, and balcony ▪️ Expansive downstairs area includes a versatile multi-purpose room and a large rumpus ▪️ Generous, fully-fenced grassy backyard providing a fantastic blank canvas for kids or pets ▪️ Covered carport providing secure off-street parking Location Highlights ▪️ Unbeatable Convenience: Walking distance to Australia Fair Shopping Centre, diverse dining options, and the bustling Southport CBD ▪️ Premier Lifestyle: Moments to the Broadwater Parklands, Gold Coast Aquatic Centre, and scenic coastal walking tracks ▪️ Health & Education: Close to the Gold Coast University Hospital, Griffith University and Southport State High School ▪️ Exceptional Connectivity: Easy access to major arterial roads and close to G:link Light Rail stations for rapid transit to Surfers Paradise and beyond ▪️ Prime Coastal Living: Just minutes to iconic Gold Coast destinations including The Spit, SeaWorld, and pristine beaches Disclaimer: This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes only. All information provided has been obtained from sources we believe to be reliable; however, we cannot guarantee its accuracy and interested parties should make their own enquiries.
RealistIQ deal score
Neutral value signal
12
/100
Review the estimated value range, comparable sales, suburb trends, and market signals for 163 Scarborough Street, Southport before you inspect or make an offer.
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Estimate vs market price guide
Market price guide is 20%+ above RealistIQ estimate
Use this as a second opinion and check the comparable sales below.
RealistIQ estimate range: $690,000 - $1,148,000Wider ranges mean more uncertainty.
RealistIQ estimate$919,000
Market price guide$1,400,000
$690,000$1,148,000
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