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Sold on 05 Sep 2024 - Price Unavailable

1/63 Karawatha Street
Buderim QLD 4556

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 206m2
Land area: 206m2
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Property Details for 1/63 Karawatha St, Buderim

Building Type
Commercial
Floor Size
206m2
Land Size
206m2
Local Government
Sunshine Coast Regional
Lot/Plan
1/BUP13290

Last Listing description (September 2024)

Emily Pendleton and Abi Rowlands from the RWC Northern Corridor Group are pleased to present Unit 1 at 63 Karawatha Street, Buderim, to the market for sale. Situated within a serene and well-maintained complex in the residential heart of Buderim, this property offers a unique investment opportunity with two established tenants: a thriving fitness studio and a popular laundromat. This investment property not only promises a stable income stream from reputable tenants but also benefits from its strategic location in a desirable residential area. With ample parking and easy access, it ensures convenience for both businesses and customers.

The fitness studio provides a range of wellness services, attracting a steady flow of clientele and contributing to a strong rental yield. The laundromat, known for its efficiency and eco-friendly practices, complements the fitness studio and serves the local community with reliable and sustainable laundry solutions.

Highlights of this property include:


- Current net income of $73,500 per annum
- Outgoings 100% payable by tenants
- Options for both tenants to renew
- Recently renovated
- Ample onsite car parking
- Easy accessibility

Our dynamic and acclaimed team strategically operates from three well-positioned offices spanning the South East Queensland Northern Corridor, dedicated to serving clients in the SUNSHINE COAST, MORETON BAY & NORTH BRISBANE regions.

For further information on this property please contact our marketing agents Abi Rowlands or Emily Pendleton.

* Approximately

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Property History for 1/63 Karawatha St, Buderim, QLD 4556

A timeline of how this property has performed in the market
Last Sold
05 Sep 2024
Listed for Rent
$450/w
02 Nov 2023
  • 16 Aug 2024
    Listed for Sale 1,200,000
  • 15 Aug 2024
    Sold for $1,180,000
  • 31 May 2023
    Listed for Rent $450 / month
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About Buderim 4556

The size of Buderim is approximately 30.5 square kilometres. It has 78 parks covering nearly 18.9% of total area. The population of Buderim in 2011 was 27,068 people. By 2016 the population was 29,369 showing a population growth of 8.5% in the area during that time. The predominant age group in Buderim is 50-59 years. Households in Buderim are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Buderim work in a professional occupation. In 2011, 72.5% of the homes in Buderim were owner-occupied compared with 69.8% in 2016.

Buderim has 14,578 properties. Over the last 5 years, Houses in Buderim have seen a 81.08% increase in median value, while Units have seen a 65.51% increase. As at 30 September 2024:

  • The median value for Houses in Buderim is $1,209,273 while the median value for Units is $688,106.
  • Houses have a median rent of $775 while Units have a median rent of $600.
There are currently 161 properties listed for sale, and 45 properties listed for rent in Buderim on OnTheHouse. According to CoreLogic's data, 733 properties were sold in the past 12 months in Buderim.

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Emily Pendleton
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Abi Rowlands
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RWC Northern Corridor Group - Sunshine Coast Location
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