26 White StreetSouthport QLD 4215
Property Details for 26 White St, Southport
Last Listing description (December 2024)
Avanti Commercial are proud to bring to the market for the first time since construction over 30 years ago, the well-established "White Street Lodge" Southport.
This very sturdy suspended concrete slab, brick and tile 2 level accommodation building was built in the 1980's. The property consists of 36 boarding rooms (plus 3 storage rooms), a 1 bedroom (on site managers) unit, utilities/storage room and multiple common areas.
The property is located very well within close proximity to public transport, medical, retail and entertainment.
Property Features:
37 room boarding house
Lucrative income stream (Gross $455,260 and Net $274,941 approx)*
Freehold site of 1,236sqm land area
Priority Development Area - Southport
Precinct 1 - Central Business District
Zoned High Rise and High Density Residential, various commercial and medical uses also (subject to Council approval)
The offering is well suited to an investor to take advantage of the lucrative residential income, with a medium to long term view for a built form development.
This meticulously kept property is currently fully occupied with an on-site manager taking care of day-to-day operations.
The Hostel/Boarding House was upgraded in 2014 to include 2 disabled access rooms, ramps and a disabled access bathroom.
There is potential to utilise the property as an affordable housing option, low cost hotel accommodation or, as it is located in the Southport Priority Development Area, there is potential to redevelop the 1,236 sqm site.
PROPERTY SOLD VIA EXPRESSION OF INTEREST.
For More Information and a Copy of the Information memorandum contact the Exclusive Agent:
Lachlan Harris
E. lharris@theavantigroup.com.au
P. 0409 057 733
Property History for 26 White St, Southport, QLD 4215
- 03 Oct 2024Sold for $4,100,000
- 26 Aug 2024Listed for Sale Contact Agent
- 05 Feb 1981Sold for $45,000
Recent sales nearby
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0About Southport 4215
The size of Southport is approximately 14.6 square kilometres. There are 37 parks, covering nearly 18.2% of the total area. The population of Southport in 2016 was 31908 people. By 2021 the population was 36786 showing a population growth of 15.3% in the area during that time. The predominant age group in Southport is 20-29 years. Households in Southport are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southport work in a professional occupation.In 2021, 38.30% of the homes in Southport were owner-occupied compared with 37.90% in 2016.
Southport has 20,365 properties. Over the last 5 years, Houses in Southport have seen a 68.23% increase in median value, while Units have seen a 104.47% increase. As at 31 July 2026:
- The median value for Houses in Southport is $1,266,497 while the median value for Units is $856,012.
- Houses have a median rent of $860 while Units have a median rent of $730.
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