OFF MARKET

507-511 Old Port Road
Craiglie QLD 4877

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2663m2
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Property Details for 507-511 Old Port Rd, Craiglie

Building Type
Commercial
Land Size
2663m2
Local Government
Douglas
Lot/Plan
2/C2256

Last Listing description (May 2019)

Secure 15 year lease to Petit Early Learning to 2029
Minimum 2.5% annual rent increases + ratchet provisions
576 sqm state-of-the-art child care facility, licensed for 88 LDC places

Petit Early Learning: highly experienced and successful early education childcare provider with 18 centres across the eastern seaboard
Triple net lease with the tenant responsible for all outgoings including: insurance, maintenance, repairs (capital & structural) plus multiple holding land tax
High profile 2,663 sqm main road corner site, with 20 car spaces
Port Douglas: tourist mecca of far North Queensland and gateway to the Great Barrier Reef and the Daintree National Park
Substantial income tax saving depreciation benefits
Net Income: $197,877 pa + GST and Outgoings
Auction 11am AEST Wednesday 15 May 2019
River Room, Crown Casino, Melbourne

Property History for 507-511 Old Port Rd, Craiglie, QLD 4877

A timeline of how this property has performed in the market
Last Sold
$3,210,000
17 Dec 2020
  • 17 Dec 2020
    Sold for $3,210,000
  • 15 May 2019
    Sold for $2,805,000
  • 12 Apr 2019
    Listed for Sale Not Disclosed
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About Craiglie 4877

The size of Craiglie is approximately 11.1 square kilometres. It has 5 parks covering nearly 9% of total area. The population of Craiglie in 2011 was 1,030 people. By 2016 the population was 945 showing a population decline of 8.3% in the area during that time. The predominant age group in Craiglie is 40-49 years. Households in Craiglie are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Craiglie work in a managers occupation. In 2011, 60.6% of the homes in Craiglie were owner-occupied compared with 61.5% in 2016.

Craiglie has 958 properties. Over the last 5 years, Houses in Craiglie have seen a 59.61% increase in median value, while Units have seen a 10.33% increase. As at 31 October 2024:

  • The median value for Houses in Craiglie is $846,624 while the median value for Units is $536,414.
  • Houses have a median rent of $900 while Units have a median rent of $560.
There are currently 13 properties listed for sale, and 11 properties listed for rent in Craiglie on OnTheHouse. According to CoreLogic's data, 58 properties were sold in the past 12 months in Craiglie.

Suburb Insights for Craiglie 4877

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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.