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Southport Central

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Property Summary


Property Name:                     
Southport Central

Location:                                 Southport, QLD

Type:                                        1 & 2 bed Apartment

Expected Completion:         Tower 1 & 2: Completed 
                                                  Tower 3: Early 2009

Tenant Profile:                       Mainly professional singles or couples, 
                                                  doctors and nurses from Hospital

 

PROJECT DESCRIPTION 

The evolution of Southport has a new direction, with the precinct of Southport Central as its cosmopolitan heart. A true multi-purpose development, comprising three impressive towers with integrated shopping and commercial precincts. Elevating its status by breathing new life and vitality into the area, Southport Central is a vibrant destination, created as a modern expression of the global appeal of the Gold Coast.


PROJECT FEATURES: STAGE 3

  • The only tower with a private entertaining "skydeck" with views up and down the coast for all residents to use.
  • The most luxurious of the 3 buildings with larger balcony than Tower 1 & 2
  • The third and final tower of Queensland's largest $700 million mixed used development which means no further construction on site to black views of Tower 3 apartments.


INVESTMENT OUTLOOK

Capital Growth:

  • The Southport Broadwater Foreshore upgrades will boost the "waterside" amenity of the Gold Coast's CBD so that it is fully serviced and complete retail, commercial, residential and recreational area.
  • Southport Central is a genuine landmark development and unique in that it forms part of Australia Fair (AF) shopping centre with all (AF) public car parks under the building.
  • When stage 3 of Southport is finished and further supply in the development extinguished, prices should start to move rapidly - particularly for the up market design of Tower 3.

Rental Return:

  • 5.2% p.a. gross approx


"X" FACTORS / KEY GROWTH DRIVERS

  • Government $500 million: Proposed Gold Coast Rapid Transit System (light-rail) due to construct in 2008 Government $500 million: Proposed new Gold Coast hospital by the State Government
  • Government $104 million: Southport Broadwater Foreshore and Park Upgrade
  • Government $60 million: Griffith University Facility and Research Centre

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