FOR SALE
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828 Old Cleveland Road
Carina QLD 4152

Bedrooms: -
Bathrooms: -
Car spaces: 22
Floor area: 1100m2
Land area: 1486m2
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FREEHOLD INVESTMENT WITH FUTURE DEVELOPMENT UPSIDE (STCA)

RWC Gateway is proud to present 828 Old Cleveland Road for sale via Expressions Of Interest.
An incredible opportunity to acquire a freehold, multi tenanted investment in the heart of Carina's commercial precinct.
The specifics:
• 1100*sqm of building area across 2 levels
• 1486*sqm District Centre site with dual street access (Old Cleveland Road & Waratah Avenue)
• Diverse tenancy mix with Medical / Allied Health, Retail, Fitness, Consulting etc
• Current gross income of $414,385* P.A + GST
• Rental income increasing to $420,236 P.A + GST by September 2024 with upcoming rental reviews
• Significant redevelopment potential with a 4 storey building height limit (STCA)
• 22* On site parking spaces
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Property Details for 828 Old Cleveland Rd, Carina

Building Type
Commercial
Floor Size
1100m2
Land Size
1486m2

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About Carina 4152

The size of Carina is approximately 4.5 square kilometres. It has 15 parks covering nearly 22.5% of total area. The population of Carina in 2011 was 10,301 people. By 2016 the population was 11,017 showing a population growth of 7.0% in the area during that time. The predominant age group in Carina is 30-39 years. Households in Carina are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carina work in a professional occupation. In 2011, 60.6% of the homes in Carina were owner-occupied compared with 61.9% in 2016.

Carina has 5,708 properties. Over the last 5 years, Houses in Carina have seen a 76.12% increase in median value, while Units have seen a 93.31% increase. As at 31 July 2024:

  • The median value for Houses in Carina is $1,124,689 while the median value for Units is $855,124.
  • Houses have a median rent of $695 while Units have a median rent of $670.
There are currently 38 properties listed for sale, and 11 properties listed for rent in Carina on OnTheHouse. According to CoreLogic's data, 290 properties were sold in the past 12 months in Carina.

Suburb Insights for Carina 4152

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Jay Jones
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Marc Zietsman
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RWC Gateway
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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.