SOLD
Sold on 26 Dec 2023 for $780,000

1/174 Alexandra Parade
Alexandra Headland QLD 4572

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 107m2
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Property Details for 1/174 Alexandra Pde, Alexandra Headland

Building Type
Commercial
Year Built
1982
Land Size
107m2
Local Government
Sunshine Coast Regional
Lot/Plan
1/BUP5155

Last Listing description (March 2024)

Discover a remarkable investment opportunity at 1/174 Alexandra Parade, Alexandra Headland. Previously offered for sale with vacant possession, this property has now been leased to a well-established Sunshine Coast local Vietnamese Restaurant. With years of successful operation and a strong local following, this property presents a brand new 3 x 3 year lease with a net lease structure, placing the responsibility for outgoings on the tenant.

Property Highlights:

Location: Positioned directly across from the iconic Alex Surf Club, this prime real estate offers maximum exposure with substantial pedestrian and vehicle traffic.

Leased Investment: An excellent addition to your investment portfolio, this property is now occupied by a thriving restaurant, ensuring a steady rental income stream.
Current Income: $52,000 P/A Net + Outgoings + GST
Lease Commencement: November 2023
Versatile Usage: While currently a restaurant, this property offers flexibility. It can easily be transformed into an attractive office or retail space to suit your business needs.
Beachside Views: Enjoy outdoor dining with captivating beach views, enhancing the appeal of the establishment.
Existing Infrastructure: The property comes fully equipped with cold rooms, a grease trap, rangehood, fry vat, and multiple display fridges.
Storefront Excellence: With expansive glass shopfronts, your business enjoys high visibility and potential for exceptional signage opportunities.

Don't miss this opportunity to invest in a property with a secure and profitable tenancy in a premium location. For more information or to arrange a viewing, contact our team at exclusive marketing team at Ray White Commercial Northern Corridor Group, represented by Emily Pendleton and Abi Rowlands.

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Property History for 1/174 Alexandra Pde, Alexandra Headland, QLD 4572

A timeline of how this property has performed in the market
Last Sold
$780,000
26 Dec 2023
Listed for Rent
$40k/w
26 Jun 2023
  • 26 Dec 2023
    Sold for $780,000
  • 21 Jun 2023
    Listed for Rent - Price not available
  • 27 Sep 2022
    Listed for Rent $30,000 / year
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About Alexandra Headland 4572

The size of Alexandra Headland is approximately 1.6 square kilometres. It has 3 parks covering nearly 13.2% of total area. The population of Alexandra Headland in 2011 was 3,716 people. By 2016 the population was 3,962 showing a population growth of 6.6% in the area during that time. The predominant age group in Alexandra Headland is 20-29 years. Households in Alexandra Headland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Alexandra Headland work in a professional occupation. In 2011, 51.1% of the homes in Alexandra Headland were owner-occupied compared with 52.6% in 2016.

Alexandra Headland has 3,315 properties. Over the last 5 years, Houses in Alexandra Headland have seen a 83.32% increase in median value, while Units have seen a 94.93% increase. As at 31 July 2024:

  • The median value for Houses in Alexandra Headland is $1,656,934 while the median value for Units is $814,519.
  • Houses have a median rent of $800 while Units have a median rent of $600.
There are currently 40 properties listed for sale, and 6 properties listed for rent in Alexandra headland on OnTheHouse. According to CoreLogic's data, 169 properties were sold in the past 12 months in Alexandra headland.

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