Southport steams ahead in interest
A SOUTHPORT shop, home to part of an Asian supermarket, has sold to a Gold Coast investor for $2.888 million.
The property is the first of three strata-titled lots located on a 1247sq m block at 19 Nerang St.
It hosts a 254sq m shop forming half of the Daily Asian Supermarket and was sold by JTB Group, linked to Jan, Tom and Ben Sinclair, who bought the property for $1.1 million in 2009.
The tenancy is on a monthto-month lease and the shop returns $85,800, plus GST, annual rent. Marketing agent Wayne Devenport, of Ray White Commercial Southport, said the sale was indicative of strong interest in property at the eastern end of Nerang St.
“The market is improving in that area. You walk down the street and there is hardly a vacancy,” he said.
The sale settled earlier this month.