SOLD
Sold on 06 Oct 2023 for $3,800,000

69-71 Magnesium Drive
Crestmead QLD 4132

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1747m2
Land area: 4500m2
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Property Details for 69-71 Magnesium Dr, Crestmead

Building Type
Commercial
Floor Size
1747m2
Land Size
4500m2
Local Government
Logan City
Lot/Plan
540/CP849885

Last Listing description (July 2022)

* 1,747m2 functional warehouse in prime Crestmead position
* Warehouse has two gantry cranes
* Access via multiple container height roller doors

* Ample three phase power
* Natural light and a great internal height
* Approved wash bay at the rear
* Spacious office section is air-conditioned and recently refurbished
* Close proximity to all major southern arterials
* Make this property your headquarters today!

Crestmead is located in the golden triangle of the Logan Motorway, Gateway Motorway and the Pacific Highway, sometimes known as the Logan Motorway Corridor. These overlapping major arterial roads are a logistical dream, providing fast and economical access to transport, employees and clients, particularly since it quickly connects to the Brisbane and Ipswich CBDs as well as the business/industrial sectors of the Gold Coast and Robina. New developments underway in this industrial pocket are in a prime position for businesses and industries looking towards future growth.

Ref: 17360

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Property History for 69-71 Magnesium Dr, Crestmead, QLD 4132

A timeline of how this property has performed in the market
Last Sold
$3,800,000
06 Oct 2023
Listed for Rent
$4.25k/w
26 Nov 2021
  • 06 Oct 2023
    Sold for $3,800,000
  • 30 Jul 2020
    Sold for $2,100,000
  • 01 Dec 2015
    Listed for Rent - Price not available
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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 107.49% increase in median value, while Units have seen a 87.14% increase. As at 31 July 2024:

  • The median value for Houses in Crestmead is $644,842 while the median value for Units is $587,037.
  • Houses have a median rent of $520 while Units have a median rent of $410.
There are currently 16 properties listed for sale, and 12 properties listed for rent in Crestmead on OnTheHouse. According to CoreLogic's data, 222 properties were sold in the past 12 months in Crestmead.

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