FOR SALE
Contact Agent

55 Mudgeeraba Road
Worongary QLD 4213

Bedrooms: -
Bathrooms: -
Car spaces: 38
Floor area: 510m2
Land area: 5140m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Main Road Swimschool site with solid income & HUGE upside…

This is a very unique and financially viable opportunity for any buyer looking for a passive investment with upside for potential additional development.
Located on a sloping 5140 sqm block, zoned Rural residential with a Land Use of Sports clubs / Facilities, this elevated block comprises:
Existing indoor in ground swimming facility with established tenant in place.510 sqm* Besser block style construction building, comprising a 20 metre, 5 lane, in ground heated commercial swimming pool, including reception area, guest waiting area, male & female change rooms & plant / equipment room.
5-year lease to a swimming school, commenced October 2019. 5 + 5 + 10 year options – Rent as of 1st October 2023 is $89,019.48 Plus GST, Plus Outgoings.
Market Rent review due October 2024, indicating a significant increase due. This is currently under negotation.
2 x Car parking areas with approx.' 38 car parking spaces in total.
There is also scope for various other commercial / residential development subject to council approval with additional vacant land of 2480 sqm* for potential future development.
For Sale via offers to purchase:
Contact Adam Roberts – 0422 443 565 / Giles Bushe - 0425 254 941

Property Details for 55 Mudgeeraba Rd, Worongary

Building Type
Commercial
Floor Size
510m2
Land Size
5140m2

Commute Calculator

About Worongary 4213

The size of Worongary is approximately 14.1 square kilometres. It has 17 parks covering nearly 9% of total area. The population of Worongary in 2011 was 5,573 people. By 2016 the population was 5,630 showing a population growth of 1.0% in the area during that time. The predominant age group in Worongary is 50-59 years. Households in Worongary are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Worongary work in a trades occupation. In 2011, 82.2% of the homes in Worongary were owner-occupied compared with 83.1% in 2016.

Worongary has 2,132 properties. Over the last 5 years, Houses in Worongary have seen a 81.92% increase in median value, while Units have seen a 94.25% increase. As at 31 July 2024:

  • The median value for Houses in Worongary is $1,243,069 while the median value for Units is $691,436.
  • Houses have a median rent of $950.
There are currently 22 properties listed for sale, and 2 properties listed for rent in Worongary on OnTheHouse. According to CoreLogic's data, 101 properties were sold in the past 12 months in Worongary.

Worongary Profile Page

Suburb Insights for Worongary 4213

Visit Worongary profile page
Market Insights
Worongary Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Worongary Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Worongary profile page
Contact agent
Giles Bushe
Show contact details
Call agent
Adam Roberts
Show contact details
Call agent
PRD BURLEIGH HEADS
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED