FOR SALE
$3,400,000

3/5 Gardner Close
Milton QLD 4064

Bedrooms: -
Bathrooms: -
Car spaces: 15
Floor area: 810m2
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CIRCA 8% RETURN! FULLY LEASED CITY FRINGE INVESTMENT

Located in a quiet leafy location in Milton within walking distance to Park Road Cafe & Restaurant precinct, Milton Train Station & City Cat Terminals, Suncorp Stadium and much more is this modern, well presented corporate office investment.
- 810sqm* single floor, level 2 office tenancy
- This property has been both a dual and single tenanted unit over the years and has never been fully vacant in the 21.5 years the seller has owned it
- Leased to the Queensland division of nationally recognised Creation Homes who have just spent circa $300,000 on their fit out
- Creation Homes (QLD) Pty Ltd are currently paying $352,150.64p.a. + GST Gross income equating to $274,140.10*p.a. net
- 3 year lease commenced 1/11/22 with further options
- $91,102.00 security bond
- CPI rent reviews
- 15 allocated car parks plus communal visitor parking
- End of trip facilities
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Property Details for 3/5 Gardner Cl, Milton

Building Type
Commercial
Floor Size
810m2

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About Milton 4064

The size of Milton is approximately 1.3 square kilometres. It has 9 parks covering nearly 10.3% of total area. The population of Milton in 2011 was 1,987 people. By 2016 the population was 2,289 showing a population growth of 15.2% in the area during that time. The predominant age group in Milton is 20-29 years. Households in Milton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Milton work in a professional occupation. In 2011, 34.9% of the homes in Milton were owner-occupied compared with 36.3% in 2016.

Milton has 2,876 properties. Over the last 5 years, Houses in Milton have seen a 36.76% increase in median value, while Units have seen a 22.11% increase. As at 30 November 2024:

  • The median value for Houses in Milton is $1,550,965 while the median value for Units is $644,645.
  • Houses have a median rent of $660 while Units have a median rent of $620.
There are currently 59 properties listed for sale, and 38 properties listed for rent in Milton on OnTheHouse. According to CoreLogic's data, 175 properties were sold in the past 12 months in Milton.

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