1169/56 Scarborough Street, Southport QLD 4215

Central 16th-floor unit with study | 60% owner-occupied tower | Broadwater proximity | Pet-friendly | Strong rental yield case This one-bedroom with a separate study in a residential-only, pet-friendly tower presents a rare configuration advantage for a buyer seeking both owner-occupier livability and investment-grade fundamentals. The 16th-floor position, combined with hybrid flooring and recent painting, reduces immediate capital outlay, while the dual-pool, sauna, and gym amenity package supports premium tenant demand. The 60% owner-occupier ratio signals a well-maintained building with stable governance, which directly protects long-term value. This property serves best a professional buyer or investor targeting the Southport light-rail corridor, where a dedicated study and secure car space differentiate it from typical one-bedroom stock. The primary risk lies in verifying the study’s enclosure and the exact view corridor, as aspect significantly affects resale comparability. Body corporate fees and any upcoming special levies must be confirmed before commitment, as high-rise living carries unpredictable sinking fund requirements. The opportunity is the recent comparable sale in the same building at $705,000, which provides a transparent pricing anchor and reduces valuation uncertainty. The estimated $695 per week rental income, supported by strong location fundamentals, offers a yield that justifies the premium over entry-level units, provided vacancy risk is low.