FOR SALE
$625,000 (Going Concern)

3109/2994-2996 Logan Road
Underwood QLD 4119

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 110m2
Land area: 110m2
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TENANTED INVESTMENT IN CORPORATE OFFICE PARK

• Total area 110m²
• New 5-year lease commenced July 2023 with 2 x 5-year options
• Current net income $34,116.18 PA Net + GST + Outgoings
• CPI annual increases
• Outgoings paid by tenant including Property Management fees.
• Outgoings - $12,970.88 PA (Rates and Body Corporate)
• Generous entry showroom / reception area
• Ground floor office / retail space
• Large open plan office area with multiple data and power points
• Rear roller access for storage
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Property Details for 3109/2994-2996 Logan Rd, Underwood

Building Type
Commercial
Floor Size
110m2
Land Size
110m2

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About Underwood 4119

The size of Underwood is approximately 4.2 square kilometres. It has 11 parks covering nearly 9.8% of total area. The population of Underwood in 2011 was 5,327 people. By 2016 the population was 6,343 showing a population growth of 19.1% in the area during that time. The predominant age group in Underwood is 30-39 years. Households in Underwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Underwood work in a professional occupation. In 2011, 70.2% of the homes in Underwood were owner-occupied compared with 67.6% in 2016.

Underwood has 3,366 properties. Over the last 5 years, Houses in Underwood have seen a 83.92% increase in median value, while Units have seen a 107.07% increase. As at 30 November 2024:

  • The median value for Houses in Underwood is $1,094,357 while the median value for Units is $673,900.
  • Houses have a median rent of $680 while Units have a median rent of $475.
There are currently 27 properties listed for sale, and 13 properties listed for rent in Underwood on OnTheHouse. According to CoreLogic's data, 180 properties were sold in the past 12 months in Underwood.

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Aldo Bevacqua
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Ray White Commercial Springwood
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