SOLD
Sold on 04 Oct 2024 for $10,200,000

122-128 Magnesium Drive
Crestmead QLD 4132

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 11440m2
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Property Details for 122-128 Magnesium Dr, Crestmead

Building Type
Commercial
Land Size
11440m2
Local Government
Logan City
Lot/Plan
32/SP286271

Last Listing description (March 2019)

Cushman & Wakefield are proud to present 118-128 Magnesium Drive Crestmead to the market for sale via Expressions of Interest. Located within the well-established Crestmead Industrial Estate, this property boasts all of the fundamentals a user could ask for in a manufacturing site; high clearance, cranes, multiple warehouse asset points and a huge hardstand area. It also benefits from a short term lease providing you time to plan your move or for the investors, time to locate a solid long term tenant.
Key features of the property:
3,452sqm of total GFA

11,440sqm corner industrial site with dual access gates
377sqm of quality office over 2 levels
3,075sqm of high clearance warehouse
Includes 2 x 4.9T overhead gantry cranes
Huge concreted hardstand area
Holding income of $411,757pa - 1 yr lease
118-128 Magnesium Drive is also located amongst other national and international companies such as Metcash, John Deere, Stramit, Lion and Stratco, so you re in good company.
EXPRESSIONS OF INTEREST CLOSE THURSDAY 6 JULY AT 5PM.
Contact the exclusive agents from Cushman & Wakefield for further information.

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Property History for 122-128 Magnesium Dr, Crestmead, QLD 4132

A timeline of how this property has performed in the market
Last Sold
$10,200,000
04 Oct 2024
  • 04 Oct 2024
    Sold for $10,200,000
  • 29 Mar 2018
    Sold for $5,280,000
  • 08 Jun 2017
    Listed for Sale Not Disclosed

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About Crestmead 4132

The size of Crestmead is approximately 6.8 square kilometres. It has 17 parks covering nearly 14.4% of total area. The population of Crestmead in 2011 was 11,209 people. By 2016 the population was 12,152 showing a population growth of 8.4% in the area during that time. The predominant age group in Crestmead is 0-9 years. Households in Crestmead are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Crestmead work in a labourer occupation. In 2011, 57.4% of the homes in Crestmead were owner-occupied compared with 53.8% in 2016.

Crestmead has 4,408 properties. Over the last 5 years, Houses in Crestmead have seen a 117.43% increase in median value, while Units have seen a 108.52% increase. As at 30 November 2024:

  • The median value for Houses in Crestmead is $688,392 while the median value for Units is $598,887.
  • Houses have a median rent of $530 while Units have a median rent of $420.
There are currently 15 properties listed for sale, and 12 properties listed for rent in Crestmead on OnTheHouse. According to CoreLogic's data, 209 properties were sold in the past 12 months in Crestmead.

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