OFF MARKET

3/18-20 Prospect Place
Berrinba QLD 4117

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 319m2
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Property Details for 3/18-20 Prospect Pl, Berrinba

Building Type
Commercial
Year Built
2010
Land Size
319m2
Local Government
Logan City
Lot/Plan
3/SP219740

Last Listing description (March 2018)

The quality of this property and its size is very rare and unique in this booming commercial corridor.
Berrinba is fast becoming a very attractive commercial area for businesses of all sizes. Due to its strategic location and close proximity to all major arterials, Berrinba has established itself as a central business hub to the Brisbane, Logan, Gold Coast and Ipswich areas.
This unit is only 2 mins from the Logan Motorway and Wembley Road interchange which is scheduled to benefit from a major road upgrade improving access to all areas of Brisbane. The Port of Brisbane is only 30min drive, Airport 35min and CBD 25min. See attached document.

Surrounding business include Toll / NQX, Stoddart Manufacturing and Atco Structures & Logistics.
With a long term quality tenant in place on a 5+5 year lease agreement, this commercial property is an ideal investment. Currently returning 6.3% $46,044 plus GST and Outgoings with a CPI or minimum 3.0% increase May 2018 to $47,425 @ 6.5% return. There is a 5 year option starting May 2019 with lease rates being reviewed to market. Property will be sold as a 'Going Concern' and is not subject to GST.
Property Attributes:
* 201m2 (approx) office/boardroom on two levels and remaining 200m2 (approx) of warehouse all council approved
* Located in Berrinba commercial precinct
* Security alarm in place plus remote security gate
* 4 allocated car parks complimented by additional common area car parking
* Outgoings limited to body corporate and council rates
* Fantastic truck access
* Air conditioned offices and showroom over two levels
* Excellent internal height
* Office has suspended ceiling
* 3 phase power
* Own internal amenities including 2 bathrooms
* Phone and data cabling

Property History for 3/18-20 Prospect Pl, Berrinba, QLD 4117

A timeline of how this property has performed in the market
Last Sold
$665,000
20 Nov 2017
Listed for Rent
$852/w
15 Mar 2014
  • 20 Nov 2017
    Sold for $665,000
  • 20 Jul 2017
    Listed for Sale $725,000 Negotiable
  • 24 Aug 2014
    Listed for Sale $44,440 PA + GST + OGS / $649,000
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About Berrinba 4117

The size of Berrinba is approximately 5.9 square kilometres. The population of Berrinba in 2011 was 1,382 people. By 2016 the population was 1,345 showing a population decline of 2.7% in the area during that time. The predominant age group in Berrinba is 30-39 years. Households in Berrinba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Berrinba work in a clerical occupation. In 2011, 66.7% of the homes in Berrinba were owner-occupied compared with 62.5% in 2016.

Berrinba has 949 properties. Over the last 5 years, Houses in Berrinba have seen a 85.29% increase in median value, while Units have seen a 98.45% increase. As at 30 September 2024:

  • The median value for Houses in Berrinba is $744,853 while the median value for Units is $581,775.
  • Houses have a median rent of $600 while Units have a median rent of $340.
There are currently 5 properties listed for sale, and 2 properties listed for rent in Berrinba on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Berrinba.

Suburb Insights for Berrinba 4117

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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.