1394/56 Scarborough Street, Southport QLD 4215

Level 39 fully renovated | ocean and city views | 129sqm with two car spaces | resort building in Southport growth corridor This apartment occupies a rare configuration at the 39th floor with dual-aspect outlooks that are difficult to replicate in Southport’s newer towers. The 129 square metre internal area is generous for a three-bedroom apartment and the two secure car spaces remove a common friction point for owner-occupiers or families. The renovation is recent and appears comprehensive — heated towel rails and quality kitchen finishes suggest the work was done to a standard that avoids the deferred maintenance typical of older high-rise stock. The property suits a professional couple or small family who want walkable access to the Broadwater and retail while retaining a quiet residential feel at height. The body corporate cost is moderate for a full-facility building and the council rates are within expected range for the area. The primary risk is the building’s age and the 1.81 hectare lot size — larger strata schemes can carry special levies for façade or lift upgrades that are not yet flagged. The 2020 purchase price provides a known floor but no recent comparable sales are available to confirm current market positioning. The 3.6% rental yield is below some neighbouring suburbs, which may limit exit options if the owner-occupier buyer pool softens. The location near the hospital and university supports steady tenant demand but does not guarantee capital growth above the suburb’s 16.8% trend. Hold this property as a long-term owner-occupied base in a tightening Southport market or rent it only if you can absorb the yield gap against newer stock.