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55 Mudgeeraba Road
Worongary QLD 4213

Bedrooms: -
Bathrooms: -
Car spaces: 38
Floor area: 510m2
Land area: 5140m2
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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

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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 90.14% increase in median value, while Units have seen a -33.96% decrease. As at 31 October 2024:

  • The median value for Houses in Worongary is $1,289,497 while the median value for Units is $665,414.
  • Houses have a median rent of $978.
There are currently 16 properties listed for sale, and 2 properties listed for rent in Worongary on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Worongary.

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Giles Bushe
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Adam Roberts
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PRD BURLEIGH HEADS
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