SOLD
Sold on 17 Nov 2023 for $4,700,000

9-15 Thorsborne Street
Beenleigh QLD 4207

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 8093m2
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Property Details for 9-15 Thorsborne St, Beenleigh

Building Type
Commercial
Land Size
8093m2
Local Government
Logan City
Lot/Plan
16/RP8085

Last Listing description (March 2024)

* Fully leased Industrial investment in key growth area
* Overseas owner quits long term investment

* Buy 1 or both Hardstand Warehouse properties
* Tenancy 1: 5 year lease at $261,000 triple nett (National)
* Tenancy 2: 7 year lease at $318,583 triple nett (International)
* TOTAL NET INCOME: $579,584 p.a.
* Combined site area 12,154sqm (1.2ha)

PRICE: Offers To Purchase - Contact Exclusive Agents
5-7 Thorsborne Street: GBA 1,960sqm on 4,061sqm Land
9-15 Thorsborne Street: GBA 794sqm on 8,093sqm Land

Location:
Beenleigh is one of four key activity centres in Logan City (Meadowbrook, Springwood, Logan Central & Beenleigh) and each key centre plays an important role both complimentary and integral to the success of Logan City. Beenleigh as one of the key centres plays the role of a compact and vibrant centre known for its fine grain retailing and rich heritage and history. It supplements the commercial and administrative roles of Springwood and Logan Central and generates employment for the surrounding community. Beenleigh is strategically located along the high frequency Brisbane to Gold Coast rail corridor and the Pacific Motorway providing strong links to adjoining Brisbane and Gold Coast local government areas. Beenleigh's proximity to these two major employment generators and its availability of affordable housing and land supply makes it an attractive investment location.

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Property History for 9-15 Thorsborne St, Beenleigh, QLD 4207

A timeline of how this property has performed in the market
Last Sold
$4,700,000
17 Nov 2023
  • 20 Nov 2023
    Listed for Sale Offers to Purchase
  • 17 Nov 2023
    Sold for $4,700,000
  • 28 Mar 2003
    Sold for $1,853,000
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About Beenleigh 4207

The size of Beenleigh is approximately 7.7 square kilometres. It has 23 parks covering nearly 17.5% of total area. The population of Beenleigh in 2011 was 8,245 people. By 2016 the population was 8,249 showing a population growth of 0.0% in the area during that time. The predominant age group in Beenleigh is 20-29 years. Households in Beenleigh are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Beenleigh work in a labourer occupation. In 2011, 48.7% of the homes in Beenleigh were owner-occupied compared with 43.4% in 2016.

Beenleigh has 4,509 properties. Over the last 5 years, Houses in Beenleigh have seen a 108.26% increase in median value, while Units have seen a 126.62% increase. As at 30 September 2024:

  • The median value for Houses in Beenleigh is $658,782 while the median value for Units is $443,286.
  • Houses have a median rent of $500 while Units have a median rent of $400.
There are currently 50 properties listed for sale, and 20 properties listed for rent in Beenleigh on OnTheHouse. According to CoreLogic's data, 258 properties were sold in the past 12 months in Beenleigh.

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Contact agent
Benjamin Armstrong
John Barter
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LJ Hooker Commercial Brisbane
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