SOLD
Sold on 05 Jul 2024 for $885,000

32 Griffith Street
Coolangatta QLD 4225

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 139m2
Land area: 157m2
Sold By
DJ Stringer Property Services
Save

Property Details for 32 Griffith St, Coolangatta

Building Type
Commercial
Floor Size
139m2
Land Size
157m2
Local Government
Gold Coast City
Lot/Plan
15/RP100298

Last Listing description (September 2024)

Outstanding opportunity to secure a Blue-Chip freehold Commercial property with (2) street frontage, right in the heartbeat of Coolangatta's shopping precinct.

DETAILS:

- Lot 15 RP 100298

- Land size 157m2 / premises 139m2 (approx.)
- Current gross rent $40,363 + GST PA
- Market rent $52,820 (based on $380 per m2) + outgoings + GST
- Outgoings currently paid by the owner / lessor (please refer to the agents for an Information Memorandum)
- Current use Remedial Massage
- Lease Periodic (month by month allowing flexible future options for the purchaser if so desired)
- Premises includes (10) consulting rooms, shower, toilet and rear loading dock
- A Pest & Building Report available upon request

LOCATION:

This highly exposed property is located on the main section of Griffith St, directly behind the main central bus stop & opposite the recently rejuvenated Strand Shopping Centre, anchored by Woolworths.
The rear access is via Chalk Street.

In addition, Coolangatta Beach & Surf Club are a mere 150m flat walk via Dutton Street.

The Gold Coast International Airport (neighbouring the Southern Cross Uni) currently welcomes around 6.2 million passengers per year & set to double by 2044, is within a (5) minute drive.

AGENTS COMMENTS:

A terrific opportunity to secure a stand-alone Commercial property for either personal business operation, investment/super fund & or re-development, in a region that is exploding with residential growth & associated infrastructure, including heavy & light rail, as well as further expansion of the GC Airport to cater for the 2032 Olympic Games it's all happening on the Southern Gold Coast, now it's your chance to be a part of it!

For further information (including an Information Memorandum and Pest & Building Report) please contact marketing Agents, David Stringer or Greg Cook in the strictest confidence today.

Disclaimer:
All information contained herein is gathered from sources we believe to be reliable. DJ Stringer Property Services Pty Ltd and its staff will not be held responsible for any act or omission arising from the accuracy of such material. We cannot guarantee its accuracy and interested persons should rely on their own enquiries. Such enquiries should include, but in no way limited & directed, to your legal representative, any local authorities, the Contract of Sale and in the event of a Unit, Strata Title or Community Title, refer to the Body Corporate, Community Management Statement & Disclosure Statement for any information on the property, Common Property & Exclusive use areas, that may directly or indirectly affect this property.

Property History for 32 Griffith St, Coolangatta, QLD 4225

A timeline of how this property has performed in the market
Last Sold
$885,000
05 Jul 2024
Listed for Rent
$1.07k/w
23 Apr 2013
  • 05 Jul 2024
    Sold for $885,000
  • 16 May 2024
    Listed for Sale SOLD BY DAVID STRINGER
  • 01 Mar 2013
    Listed for Rent - Price not available
Sign in to see more transactions

Commute Calculator

About Coolangatta 4225

The size of Coolangatta is approximately 1.8 square kilometres. It has 8 parks covering nearly 16.5% of total area. The population of Coolangatta in 2011 was 5,192 people. By 2016 the population was 5,959 showing a population growth of 14.8% in the area during that time. The predominant age group in Coolangatta is 60-69 years. Households in Coolangatta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coolangatta work in a professional occupation. In 2011, 44.9% of the homes in Coolangatta were owner-occupied compared with 48.2% in 2016.

Coolangatta has 6,179 properties. Over the last 5 years, Houses in Coolangatta have seen a 97.34% increase in median value, while Units have seen a 105.93% increase. As at 30 November 2024:

  • The median value for Houses in Coolangatta is $1,544,748 while the median value for Units is $1,263,087.
  • Houses have a median rent of $700 while Units have a median rent of $715.
There are currently 54 properties listed for sale, and 36 properties listed for rent in Coolangatta on OnTheHouse. According to CoreLogic's data, 267 properties were sold in the past 12 months in Coolangatta.

Suburb Insights for Coolangatta 4225

Market Insights
Coolangatta Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Coolangatta Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.