SOLD
Sold on 09 Sep 2024 for $1,510,000

3/8 King Street
Buderim QLD 4556

Bedrooms: -
Bathrooms: -
Car spaces: 4
Land area: 149m2
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Property Details for 3/8 King St, Buderim

Building Type
Commercial
Land Size
149m2
Local Government
Sunshine Coast Regional
Lot/Plan
3/SP261017

Last Listing description (February 2019)

Emily Pendleton of Ray White Commercial Northern Corridor Group is pleased to present Lots 2 & 3, 8 King Street, Buderim as a tenanted investment for sale by Expressions of Interest.
The property is situated within a high profile, beautifully presented building with with strong visibility in a well-established commercial precinct. The premises forms part of the regions key retail centre with the likes of Century 21, Grant Smith Real Estate & The Coffee Club with ample onsite car parking.
Tenant: McGrath Real Estate Buderim

Operational: 5 years in this location
Lease Commencement: 8/7/2018
Lease Expiry: 7/7/2023
Option: 1 x 5 years
Increases: Fixed 2% increases each year
Current Net Rent: $86,718.00
Outgoings: 100% paid by the tenant
This property is being sold by the way of Expressions of Interest closing on Thursday 7 February 2019 4pm.
For further information or to arrange an inspection please contact Exclusive Marketing Agent Emily Pendleton on 0402 435 446.

Property History for 3/8 King St, Buderim, QLD 4556

A timeline of how this property has performed in the market
Last Sold
$1,510,000
09 Sep 2024
  • 09 Sep 2024
    Sold for $1,510,000
  • 16 Jan 2019
    Sold for $1,280,000
  • 11 Dec 2018
    Listed for Sale Not Disclosed
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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 14,335 properties. Over the last 5 years, Houses in Buderim have seen a 77.15% increase in median value, while Units have seen a 65.00% increase. As at 30 November 2024:

  • The median value for Houses in Buderim is $1,221,112 while the median value for Units is $680,994.
  • Houses have a median rent of $775 while Units have a median rent of $605.
There are currently 114 properties listed for sale, and 27 properties listed for rent in Buderim on OnTheHouse. According to CoreLogic's data, 766 properties were sold in the past 12 months in Buderim.

Suburb Insights for Buderim 4556

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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.