SOLD
Sold on 08 Mar 2024 for $1,640,000

2/8 Distribution Court
Arundel QLD 4214

Bedrooms: -
Bathrooms: 1
Car spaces: 8
Floor area: 454m2
Land area: 454m2
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Property Details for 2/8 Distribution Ct, Arundel

Building Type
Commercial
Floor Size
454m2
Land Size
454m2
Local Government
Gold Coast City
Lot/Plan
2/SP316639

Last Listing description (July 2023)

Act quickly as there is a significant scarcity of Industrial Warehouses like this on the Gold Coast. Don't let this opportunity slip away!

Don't miss out on this incredible investment opportunity featuring a brand-new, blue chip tenanted property. The warehouse boasts a tilt slab construction, along with high-end offices, a 10kw solar system, and ample parking with 8 car spaces. Situated conveniently across from the bustling Harbour Town shopping center, this property is located in the highly sought-after Arundel Business Park, a prime industrial hub on the Gold Coast.

Key features of the site include:

- Total floor area of 506m
- Ground level space of 393m with an additional 113m mezzanine
- Modern tilt panel construction
- Equipped with LED lighting, 3 phase power, and high access electric roller doors
- Includes ground floor office area and mezzanine
- Vinyl tile flooring in the ground floor office area and carpet in the mezzanine
- 2 Pac epoxy finish on the warehouse floor
- 2 toilets, 1 shower, and 2 kitchen sinks
- 10kw solar system installed
- 8 allocated car spaces for tenants and additional visitor parking
- Easy truck access with an open drive-through complex
- Enhanced security measures such as communal security lighting and a 24-hour CCTV system
- Gated complex for added safety
- Convenient container set down areas available
- Onsite Cafe for added convenience
- Zoned as a medium impact industry area
- Walking distance to public transport
- Close proximity to Harbour Town Shopping Centre and Bunnings Warehouse
- Approximately 15 minutes' drive to Surfers Paradise

To learn more about this exclusive opportunity, contact the dedicated agent, Sheldon Paris from Raine&Horne Elite, at 0402 826 644.

Property History for 2/8 Distribution Ct, Arundel, QLD 4214

A timeline of how this property has performed in the market
Last Sold
$1,640,000
08 Mar 2024
Listed for Rent
07 Jul 2022
  • 08 Mar 2024
    Sold for $1,640,000
  • 19 May 2023
    Listed for Sale Contact Agent
  • 09 Apr 2021
    Listed for Rent $75,000 / year
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About Arundel 4214

The size of Arundel is approximately 10.3 square kilometres. It has 22 parks covering nearly 29.9% of total area. The population of Arundel in 2011 was 9,573 people. By 2016 the population was 10,242 showing a population growth of 7.0% in the area during that time. The predominant age group in Arundel is 50-59 years. Households in Arundel are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Arundel work in a professional occupation. In 2011, 64.2% of the homes in Arundel were owner-occupied compared with 65.9% in 2016.

Arundel has 5,223 properties. Over the last 5 years, Houses in Arundel have seen a 102.48% increase in median value, while Units have seen a 115.30% increase. As at 31 July 2024:

  • The median value for Houses in Arundel is $1,163,258 while the median value for Units is $742,198.
  • Houses have a median rent of $800 while Units have a median rent of $685.
There are currently 31 properties listed for sale, and 11 properties listed for rent in Arundel on OnTheHouse. According to CoreLogic's data, 227 properties were sold in the past 12 months in Arundel.

Suburb Insights for Arundel 4214

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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.