4 Ormuz AvenueCaloundra QLD 4551
Property Details for 4 Ormuz Ave, Caloundra
Last Listing description (October 2023)
Key features are as follows:
High Profile freestanding commercial property in the heart of Caloundra
Leased to strong single National tenant Salvation Army
-Building area: 160sq m*
Total Rental: $58,194.96* per annum + GST
3 + 3 year lease expiring May 2025 (with 1 x 3 year options)
Principal Centre Zoning with 25 metre height limits
Various options for buyers to invest, future redevelopment or owner occupier in the future
-Tightly held location in Caloundra CBD
4 Ormuz Ave, presents a great opportunity to invest in one of Queensland's & Australia's most exciting regions. 4 Ormuz Ave is extremely versatile with multiple potential uses, with the property well positioned in the heart of Caloundra CBD & possess dual street frontage, great exposure and on-site carparking.
The site is 609sq m* with a standalone 160sq m* building with a drive way accessing down the right hand side from Ormuz Ave through to Lamkin Lane at the rear. Salvation Army currently lease the entire property on a 3 year lease until May 2025 with another 3 year option. They are currently paying rental of $58,194.96* + GST
4 Ormuz Ave represents a rare opportunity to acquire a freestanding property in such prime position between Bulcock Street and Caloundra Village Shopping centre, and will attract such buyers as investors, developers (seeing the long picture of the region and redevelopment opportunity of the zoning and location) and or owner occupiers having a quality future home for their business within the property once the current tenant vacates.
The property is being sold and marketed by Scott Gardiner of Savills Sunshine Coast and to enquiry or discuss any queries please contact him on 0415 679 112 or sgardiner@savills.com.au
Property History for 4 Ormuz Ave, Caloundra, QLD 4551
- 02 Nov 2023Sold for $1,100,000
- 12 Jul 2023Listed for Sale Offers to Purchase Closing 4pm on 10th August
- 14 Feb 2022Listed for Rent $50,000 / year
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About Caloundra 4551
The size of Caloundra is approximately 3.2 square kilometres. It has 8 parks covering nearly 36.9% of total area. The population of Caloundra in 2011 was 3,558 people. By 2016 the population was 3,914 showing a population growth of 10.0% in the area during that time. The predominant age group in Caloundra is 60-69 years. Households in Caloundra are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Caloundra work in a trades occupation. In 2011, 48% of the homes in Caloundra were owner-occupied compared with 49.9% in 2016.
Caloundra has 3,765 properties. Over the last 5 years, Houses in Caloundra have seen a 74.73% increase in median value, while Units have seen a 81.47% increase. As at 30 September 2024:
- The median value for Houses in Caloundra is $948,519 while the median value for Units is $841,375.
- Houses have a median rent of $620 while Units have a median rent of $570.
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