FOR SALE
Auction - Friday 25th October 2024 at 10am

5/28 Burnside Road
Ormeau QLD 4208

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 227m2
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Auction Time
Fri 25 Oct 10:00 am
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227m²* warehouse leased for $38,499.23 + GST + Outs provides substantial rental upside

Exclusive agents Peter Laoudikos and Lachlan Holliday are proud to present unit 5/28 Burnside Road, Ormeau for sale via public auction.
Situated in the heart of the well-established Yatala enterprise area on the northern Gold Coast, this well designed commercial unit in Burnside Rd is a great opportunity to secure an asset in one of the fastest growing industrial locations in Australia. Currently leased at a rate of $169* per m2 net, this property offers substantial rental upside and vendor favourable yearly rental increases with the greater of 6% or CPI on each anniversary date.
Some of the Key Feature Include:
- 227m²* of net lettable area
- Leased until the 30/6/26
- Vendor favourable reviews with the greater of 6% or CPI yearly
- 4 exclusive car parks
- Electric roller door
- Significant rental upside
- Excellent office & facilities with three phase power
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Property Details for 5/28 Burnside Rd, Ormeau

Building Type
Commercial
Floor Size
227m2

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About Ormeau 4208

The size of Ormeau is approximately 16.4 square kilometres. It has 33 parks covering nearly 12.2% of total area. The population of Ormeau in 2011 was 12,438 people. By 2016 the population was 14,466 showing a population growth of 16.3% in the area during that time. The predominant age group in Ormeau is 0-9 years. Households in Ormeau are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ormeau work in a trades occupation. In 2011, 63.2% of the homes in Ormeau were owner-occupied compared with 63.6% in 2016.

Ormeau has 6,608 properties. Over the last 5 years, Houses in Ormeau have seen a 84.98% increase in median value, while Units have seen a 110.34% increase. As at 31 August 2024:

  • The median value for Houses in Ormeau is $908,193 while the median value for Units is $725,625.
  • Houses have a median rent of $690 while Units have a median rent of $380.
There are currently 48 properties listed for sale, and 19 properties listed for rent in Ormeau on OnTheHouse. According to CoreLogic's data, 308 properties were sold in the past 12 months in Ormeau.

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Peter Laoudikos
Lachlan Holliday
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