22 Harries RoadCoorparoo QLD 4151
Property Details for 22 Harries Rd, Coorparoo
Last Listing description (September 2023)
FAL Property Group is pleased to present this unique opportunity to secure 1,147sqm of prime land and 998sqm of building in the heart of Coorparoo's retail, residential and light-industrial precinct. This property offers an opportunity for developers who are interested in repositioning the site; or to owner occupiers who would like to occupy 565sqm which becomes available on 1 July 2023 whilst having holding income from the two other tenancies.
Alternatively there is a great upside for savvy investors to lease the upcoming vacancy at market rent and increase the rate per sqm currently achieved by the outgoing tenant. This site provides an array of upsides.
The property is located across the Coorparoo Square Shopping Centre and Coorparoo Marketplace boosting major retailers such as Dendy, Aldi, Coles, and Woolworths. The property is next to the major arterial Old Cleveland Road; and is only 5.7km away from the CBD. The Pacific Motorway is also only 1.7km away.
- New ducted air-conditioning unit in the office of Tenancy A
- Located in the heart of the Retail precinct
- DC2 Zoning
- Flood Free incl 1974, 2011, 2022
- Opportunity to redevelop from Nov 2024
- Owner-occupier opportunity for 565sqm office/warehouse
For more information or to arrange an inspection please contact Exclusive agents FAL Property Group
Property History for 22 Harries Rd, Coorparoo, QLD 4151
- 20 Dec 2023Sold for $3,700,000
- 29 Mar 2023Listed for Sale Newly Listed
- 09 Oct 2019Listed for Rent - Price not available
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0About Coorparoo 4151
The size of Coorparoo is approximately 5.4 square kilometres. It has 31 parks covering nearly 10.1% of total area. The population of Coorparoo in 2011 was 14,944 people. By 2016 the population was 16,284 showing a population growth of 9.0% in the area during that time. The predominant age group in Coorparoo is 20-29 years. Households in Coorparoo are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coorparoo work in a professional occupation. In 2011, 52.7% of the homes in Coorparoo were owner-occupied compared with 52.1% in 2016.
Coorparoo has 9,773 properties. Over the last 5 years, Houses in Coorparoo have seen a 78.23% increase in median value, while Units have seen a 89.53% increase. As at 31 October 2024:
- The median value for Houses in Coorparoo is $1,616,708 while the median value for Units is $713,168.
- Houses have a median rent of $650 while Units have a median rent of $550.
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