298/116-132 Maroubra RoadMaroubra NSW 2035
Property Details for 298/116-132 Maroubra Rd, Maroubra
Last Listing description (October 2023)
Prominently situated at Maroubra Junction, just steps from Pacific Square's shopping and dining hub, this prime ground floor commercial space presents a turnkey investment opportunity. With a longstanding lease as a laundromat, seize this rare chance to secure an established investment that has consistently delivered robust rental returns for over two decades.
Main road Exposure with 104sqm on title,
Present rental yield: $37,500k PA + outgoings
Secure basement parking: large double garage
Impeccable presentation, inclusive of kitchenette & WC
High visibility, bustling foot and road traffic
Lease 3 years commencing March 2023, with further 3-year option
Annual reviews 4%, market review on option
Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own enquiries.
Property History for 298/116-132 Maroubra Rd, Maroubra, NSW 2035
- 13 Oct 2023Sold for $740,000
- 13 Sep 2023Listed for Sale For Sale $700,000 - $750,000
- 15 Nov 2021Sold for $1
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About Maroubra 2035
The size of Maroubra is approximately 6 square kilometres. It has 23 parks covering nearly 18.2% of total area. The population of Maroubra in 2011 was 29,594 people. By 2016 the population was 30,672 showing a population growth of 3.6% in the area during that time. The predominant age group in Maroubra is 20-29 years. Households in Maroubra are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Maroubra work in a professional occupation. In 2011, 55.3% of the homes in Maroubra were owner-occupied compared with 53.7% in 2016.
Maroubra has 15,650 properties. Over the last 5 years, Houses in Maroubra have seen a 67.06% increase in median value, while Units have seen a 26.88% increase. As at 30 September 2024:
- The median value for Houses in Maroubra is $3,050,799 while the median value for Units is $1,105,855.
- Houses have a median rent of $1,200 while Units have a median rent of $800.
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