SOLD
Sold on 24 May 2024 for $2,599,000

4/4 Innovation Parkway
Birtinya QLD 4575

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 571m2
Land area: 626m2
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Property Details for 4/4 Innovation Pkwy, Birtinya

Building Type
Commercial
Floor Size
571m2
Land Size
626m2
Local Government
Sunshine Coast Regional
Lot/Plan
4/SP188253

Last Listing description (August 2024)

- Modern centrally located office building, full floor plate, top floor with uninterrupted Lake Kawana water views / north-easterly aspect, high growth location- Lot 4 offers three separate tenancies with two quality tenants over 571sq m* NLA (nett lettable area) 626sq m* GLA- 19 car parks total exclusive use on site at rear, high end functional fitouts, balconies to each tenancy- Tenancy 1 and 2 combined leased to Fenwick Collective (Accountants) 292sq m*, 5 year lease to end September 2027 (plus 3 year option), current income $103,000* per annum - Tenancy 3 leased to AWX, 279sq m*, 3 x 3 year lease current income $95,000* per annum - Net annual income $193,000* (after non-recoverable outgoings)- Strong lease expiry- Located within 1* kilometre of Sunshine Coast University Hospital and Ramsay Private Hospital (900+ beds) and adjacent Health Hub precinct- Commercial lift access, signage, common area M&F toilet facilities/shower on floor, end of trip facilities, security tag access- Close proximity to cafes, child care services and fitness centres, parks, bikeways and lake, public transport directly in front of buildingOffered for immediate sale $2,599,000For further information contact exclusive marketing agent Jason O'Meara on 0408087868 or email jomeara@savills.com.au(*Approx.)

Property History for 4/4 Innovation Pkwy, Birtinya, QLD 4575

A timeline of how this property has performed in the market
Last Sold
$2,599,000
24 May 2024
Listed for Rent
$993/w
27 Sep 2022
  • 01 Jul 2024
    Listed for Sale Offered for immediate sale $2,599,000
  • 24 May 2024
    Sold for $2,599,000
  • 07 Dec 2021
    Listed for Rent - Price not available
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About Birtinya 4575

The size of Birtinya is approximately 5.3 square kilometres. It has 7 parks covering nearly 3.6% of total area. The population of Birtinya in 2011 was 315 people. By 2016 the population was 1,925 showing a population growth of 511.1% in the area during that time. The predominant age group in Birtinya is 20-29 years. Households in Birtinya are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Birtinya work in a professional occupation. In 2011, 36% of the homes in Birtinya were owner-occupied compared with 25.5% in 2016.

Birtinya has 2,582 properties. Over the last 5 years, Houses in Birtinya have seen a 64.24% increase in median value, while Units have seen a 70.63% increase. As at 31 July 2024:

  • The median value for Houses in Birtinya is $1,047,482 while the median value for Units is $651,271.
  • Houses have a median rent of $750 while Units have a median rent of $590.
There are currently 33 properties listed for sale, and 4 properties listed for rent in Birtinya on OnTheHouse. According to CoreLogic's data, 193 properties were sold in the past 12 months in Birtinya.

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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.