3/18-20 Prospect PlaceBerrinba QLD 4117
Property Details for 3/18-20 Prospect Pl, Berrinba
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.
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
- 20 Nov 2017Sold for $665,000
- 20 Jul 2017Listed for Sale $725,000 Negotiable
- 24 Aug 2014Listed 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 86.25% increase in median value, while Units have seen a 97.40% increase. As at 31 October 2024:
- The median value for Houses in Berrinba is $743,552 while the median value for Units is $577,895.
- Houses have a median rent of $600 while Units have a median rent of $340.
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