FOR SALE
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9/23-29 Price Street
Nerang QLD 4211

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 78m2
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Fully Fitted Restaurant - Vacant Possession

The owners of this high exposure retail shop have decided it is time to put it on the market and retire after a long time in the restaurant industry.
The property features:
- Fully fitted commercial kitchen installed and ready to go;
- 78m2 of useable space;
- Exposure to approximately 28,000 cars daily on major arterial road;
- Outstanding opportunity for existing cafe or restaurant owners looking for a change of pace
- Located on a major intersection;
- Outstanding signage opportunities
-1,000 litre grease trap installed
- Join Subway and other busy tenants in complex;
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Property Details for 9/23-29 Price St, Nerang

Building Type
Commercial
Floor Size
78m2

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About Nerang 4211

The size of Nerang is approximately 35.9 square kilometres. It has 49 parks covering nearly 53.6% of total area. The population of Nerang in 2011 was 16,256 people. By 2016 the population was 16,872 showing a population growth of 3.8% in the area during that time. The predominant age group in Nerang is 40-49 years. Households in Nerang are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nerang work in a trades occupation. In 2011, 60% of the homes in Nerang were owner-occupied compared with 58% in 2016.

Nerang has 7,564 properties. Over the last 5 years, Houses in Nerang have seen a 100.02% increase in median value, while Units have seen a 94.50% increase. As at 30 September 2024:

  • The median value for Houses in Nerang is $912,861 while the median value for Units is $613,766.
  • Houses have a median rent of $740 while Units have a median rent of $600.
There are currently 73 properties listed for sale, and 30 properties listed for rent in Nerang on OnTheHouse. According to CoreLogic's data, 324 properties were sold in the past 12 months in Nerang.

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Chris Bristow
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Mason Wilkinson
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