FOR SALE
FOR SALE - $6,900,000

854 Waterworks Road
The Gap QLD 4061

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1222m2
Land area: 4687m2
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Development Site / Value Add Opportunity

Strategically located development site in The Gap with direct access and signage to Waterworks Road with excellent exposure to over 235,000* cars passing weekly.
- Expansive 4,687sqm* development site
- Zoned DC-1 District Centre allowing for a multitude of uses
- Established existing retail/trade precinct with direct access off Waterworks Road
- Positioned in the affluent suburb of The Gap, located in a key growth corridor between the CBD and the city's north-western suburbs
- Existing improvements include 861sqm* vacant clearspan warehouse/showroom and a smaller 361sqm* leased standalone building.
- Abundant hardstand parking
- Existing tenants include Plant Nursery, Pool Shop and Pet Supplies
FOR SALE BY PRIVATE TREATY - $6,900,000
*Approximately

Property Details for 854 Waterworks Rd, The Gap

Building Type
Commercial
Floor Size
1222m2
Land Size
4687m2

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About The Gap 4061

The size of The Gap is approximately 12.6 square kilometres. It has 31 parks covering nearly 10.8% of total area. The population of The Gap in 2011 was 15,949 people. By 2016 the population was 16,709 showing a population growth of 4.8% in the area during that time. The predominant age group in The Gap is 40-49 years. Households in The Gap are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Gap work in a professional occupation. In 2011, 83.4% of the homes in The Gap were owner-occupied compared with 83% in 2016.

The Gap has 6,801 properties. Over the last 5 years, Houses in The Gap have seen a 81.09% increase in median value, while Units have seen a 83.82% increase. As at 31 August 2024:

  • The median value for Houses in The Gap is $1,257,113 while the median value for Units is $963,030.
  • Houses have a median rent of $768 while Units have a median rent of $698.
There are currently 27 properties listed for sale, and 6 properties listed for rent in The gap on OnTheHouse. According to CoreLogic's data, 239 properties were sold in the past 12 months in The gap.

Suburb Insights for The Gap 4061

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Jason Hines
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RWC QLD
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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.