SOLD
RECENT ADVICE
Sold on 11 Sep 2024 for $700,000

5/27 Park Avenue
Burleigh Heads QLD 4220

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 43m2
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Property Details for 5/27 Park Ave, Burleigh Heads

Building Type
Commercial
Floor Size
43m2
Local Government
Gold Coast City
Lot/Plan
5/BUP3790

Last Listing description (September 2024)

Burleigh Heads ground floor retail is one of the most tightly held asset classes on the Gold Coast, this opportunity allows you to invest in one of the Gold Coast's most sought-after postcodes.

- 43m2 ground floor retail
- Net Return - $34,438.95 p.a + GST*

- Current Lease to April 2025 with 2x3 year options
- Clean open plan shop with polished concrete floors
- 1 allocated parking space
- Within a complex of 11 strata titled shops/offices on 812m2 landholding in the heart of Burleigh Heads
- Centre Zoning
- Opportunity to purchase two other shops (8 and 9) within same complex.
The Auction is to be held onsite on Wednesday 28th August at 1.30pm (if not sold prior).

Contact Lacey West Commercial for all information and to arrange an inspection onsite.

*approximate

Disclaimer:
Lacey West Commercial makes no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by JBJC Property Pty Ltd trading as Lacey West Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

Property History for 5/27 Park Ave, Burleigh Heads, QLD 4220

A timeline of how this property has performed in the market
Last Sold
$700,000
11 Sep 2024
  • 11 Sep 2024
    Sold for $700,000
  • 07 Aug 2024
    Listed for Sale Auction On Site 11 September @ 2:30pm
  • 27 Nov 2017
    Sold for $565,000
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About Burleigh Heads 4220

The size of Burleigh Heads is approximately 10.2 square kilometres. It has 23 parks covering nearly 16% of total area. The population of Burleigh Heads in 2011 was 9,186 people. By 2016 the population was 10,063 showing a population growth of 9.5% in the area during that time. The predominant age group in Burleigh Heads is 30-39 years. Households in Burleigh Heads are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Burleigh Heads work in a professional occupation. In 2011, 59.3% of the homes in Burleigh Heads were owner-occupied compared with 60.2% in 2016.

Burleigh Heads has 9,223 properties. Over the last 5 years, Houses in Burleigh Heads have seen a 86.28% increase in median value, while Units have seen a 97.77% increase. As at 30 September 2024:

  • The median value for Houses in Burleigh Heads is $1,550,468 while the median value for Units is $1,156,008.
  • Houses have a median rent of $950 while Units have a median rent of $750.
There are currently 114 properties listed for sale, and 54 properties listed for rent in Burleigh heads on OnTheHouse. According to CoreLogic's data, 423 properties were sold in the past 12 months in Burleigh heads.

Suburb Insights for Burleigh Heads 4220

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Contact agent
Josh Cruden
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James Borbidge
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LACEY WEST
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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.