OFF MARKET

88 West Burleigh Road
Burleigh Heads QLD 4220

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 655m2
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Property Details for 88 West Burleigh Rd, Burleigh Heads

Building Type
Commercial
Year Built
1980
Land Size
655m2
Local Government
Gold Coast City
Lot/Plan
11/RP106050

Last Listing description (July 2024)

Introducing 88 West Burleigh Road, a unique property presented by RWC Gold Coast. This remarkable, commercially converted residence, situated on a generous 655sqm* parcel, combines vintage-inspired architecture with robust suspended slab construction, repurposed to promote a Health & Wellness ethos with approved GCCC use. Spanning 245sqm* of GFA, this standalone building offers a versatile investment potential, allowing for simultaneous occupancy and benefit from existing tenant income, while also benefiting from Low Density Residential zoning for potential future development (STCA).

Located in the esteemed Burleigh Heads postcode and home to ePilates and Holistic Minds Holistic Bodies, this property appeals to savvy investors and healthcare professionals alike. Whether you're seeking to capitalise on current market dynamics or establish your practice in a sought-after area, 88 West Burleigh Road offers a blend of investment potential and opportunity in a prime location.

Central location direct proximity to Stockland Burleigh Heads and Burleigh Home+Life (including Medical on Burleigh), whilst retaining access to popular lifestyle zones including James Street, Burleigh Heads National Park & Tallebudgera Creek as well as other key Healthcare, Commercial and surrounding residential suburbs; James Street Precinct 1.3km* Goodwin Terrace (Burleigh Heads National Park access) 1.7km* Tallebudgera Creek 2.4km* Reedy Creek Motorway (M1 access) 2.4km*

Key Features Include;
Solid suspended slab construction 245sqm* GFA building + converted carport
Large 655sqm* land parcel
Unique income producing freehold with owner-occupier opportunity
Meticulously converted carport offering additional fully-enclosed space for use
Zoned Low Density Residential with 'Heathcare & Indoor Recreation' Approval
6 dedicated onsite car parks

Current leases:
ePilates: 1.91 years to expiry, occupying ground floor
HMHB: 5.75 years to expiry, occupying partial first floor
Peace Yoga periodic tenancy, occupying partial first floor
Approximate combined net income: $108,191.58* per annum
Weighted average lease expiry (WALE): 3.85 years

Please contact the exclusive agents to discuss 88 West Burleigh Road in further detail and arrange your time to view the premise.

*Approx.

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

Property History for 88 West Burleigh Rd, Burleigh Heads, QLD 4220

A timeline of how this property has performed in the market
Last Sold
$714,000
22 Feb 2016
Listed for Rent
$609/w
13 Feb 2023
  • 29 Apr 2024
    Listed for Sale Inviting Offers to Purchase
  • 17 Jun 2022
    Listed for Rent - Price not available
  • 10 Oct 2019
    Listed for Rent $13,000 / year
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About Burleigh Heads 4220

The size of Burleigh Heads is approximately 10.2 square kilometres. It has 23 parks covering nearly 16% of total area. The population of Burleigh Heads in 2011 was 9,186 people. By 2016 the population was 10,063 showing a population growth of 9.5% in the area during that time. The predominant age group in Burleigh Heads is 30-39 years. Households in Burleigh Heads are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Burleigh Heads work in a professional occupation. In 2011, 59.3% of the homes in Burleigh Heads were owner-occupied compared with 60.2% in 2016.

Burleigh Heads has 9,258 properties. Over the last 5 years, Houses in Burleigh Heads have seen a 108.77% increase in median value, while Units have seen a 101.70% increase. As at 31 August 2024:

  • The median value for Houses in Burleigh Heads is $1,747,175 while the median value for Units is $1,144,517.
  • Houses have a median rent of $950 while Units have a median rent of $750.
There are currently 112 properties listed for sale, and 63 properties listed for rent in Burleigh heads on OnTheHouse. According to CoreLogic's data, 436 properties were sold in the past 12 months in Burleigh heads.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.