1/89 Landsborough AvenueScarborough QLD 4020
Property Details for 1/89 Landsborough Ave, Scarborough
1/89 Landsborough Ave, Scarborough is a 4 bedroom, 2 bathroom Unit and was built in 2005. The property has a land size of 244m2 and floor size of 147m2. While the property is not currently for sale or for rent, it was last sold in May 2024.
Last Listing description (December 2025)
Prime real estate with a 20 year lease in place this is a rare commodity
Amazing Opportunity For The Astute Investor
* On the waterfront overlooking Moreton Bay
* Located on the ground floor of the Scarborough Beach Resort, which features 75 apartments with a mix of permanent and holiday rentals
* 203m2 area that includes an outdoor covered al-fresco dining area with drop-down screens
* Additionally, 2 car parks (one in secured area in downstairs carpark) and 1 storage cage
* Currently leased and operating as a BYO Café/Restaurant and Function Venue with 80+ seating capacity (50 inside, 30 outside)
* Fully air-conditioned (2 x 14kw Ducted Systems – one of them was replaced Jan 2025)
* Wheelchair accessible
* Undercover parking
* 20 year lease in place (5 x 5 x 5 x 5)
* Lease start date was 21/10/2022
* CPI increase each year
* Option periods: 5% rent increase
* Current year's lease is : $84,164.30 inclusive
* Tenant pays for Rates, Water, Electricity
* Body Corporate fees are paid by Landlord and is approx $1,200 per year (for 1/77th insurance for Common Areas). There are no further Body Corporate fees as the two Commercial lots have a separate Body Corporate to the Residential Lots of the Scarborough Beach Resort.
Property History for 1/89 Landsborough Ave, Scarborough, QLD 4020
- 01 Sep 2025Listed for Sale RECENT SALES
- 21 Feb 2025Listed for Sale Expressions of Interest
- 16 May 2024Sold for $740,000
Recent sales nearby
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About Scarborough 4020
The size of Scarborough is approximately 3.3 square kilometres. There are 8 parks, covering nearly 6.2% of the total area. The population of Scarborough in 2016 was 8705 people. By 2021 the population was 9178 showing a population growth of 5.4% in the area during that time. The predominant age group in Scarborough is 60-69 years. Households in Scarborough are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Scarborough work in a professional occupation.In 2021, 64.80% of the homes in Scarborough were owner-occupied compared with 60.00% in 2016.
Scarborough has 5,071 properties. Over the last 5 years, Houses in Scarborough have seen a 90.34% increase in median value, while Units have seen a 94.77% increase. As at 30 June 2026:
- The median value for Houses in Scarborough is $1,441,301 while the median value for Units is $1,106,418.
- Houses have a median rent of $698 while Units have a median rent of $628.
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