47-51 Mcginn RoadFerny Grove QLD 4055
Property Details for 47-51 Mcginn Rd, Ferny Grove
Last Listing description (October 2022)
4,449 sqm* neighbourhood centre anchored by a 2,359m2* Coles supermarket nearing turnover threshold
Diverse income profile with a strategic mix of medical, health and food & beverage retailers
National tenants include Domino's, Jetts Fitness, BWS, Healthsave Pharmacy & Maven Dental
Burgeoning population growth with over 1,200 new homes currently under construction within the primary trade, driving population growth projections of 23.6% by 2031
Main Trade Area retail spending is currently estimated at $583.9 million* and is projected to increase to $923.1 million by 2031, representing a strong average growth rate of 5.8% p.a.*
Excellent tenant retention history within the centre along with certain income growth between 3% & 4% p.a
Affluent, family-based retail catchment with a strong affinity for convenience-based food and grocery facilities with an average household income of $104,364 p.a. 43% higher than the Queensland average
Future value-add development opportunities available (STCA)
Fully Leased Net Income: $1,130,978 p.a*
*Approx.
FOR SALE BY EXPRESSIONS OF INTEREST CLOSING 29TH APRIL 2021 4:00PM (AEST)
Property History for 47-51 Mcginn Rd, Ferny Grove, QLD 4055
- 05 Jun 2024Sold for $19,250,000
- 24 Mar 2021Listed for Sale CONTACT EXCLUSIVE AGENT
- 02 Mar 2018Sold for $16,200,000
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0About Ferny Grove 4055
The size of Ferny Grove is approximately 3.8 square kilometres. It has 22 parks covering nearly 17.3% of total area. The population of Ferny Grove in 2011 was 5,609 people. By 2016 the population was 5,700 showing a population growth of 1.6% in the area during that time. The predominant age group in Ferny Grove is 40-49 years. Households in Ferny Grove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ferny Grove work in a professional occupation. In 2011, 77.8% of the homes in Ferny Grove were owner-occupied compared with 76.5% in 2016.
Ferny Grove has 2,339 properties. Over the last 5 years, Houses in Ferny Grove have seen a 82.04% increase in median value, while Units have seen a 57.51% increase. As at 31 October 2024:
- The median value for Houses in Ferny Grove is $1,067,618 while the median value for Units is $635,317.
- Houses have a median rent of $695 while Units have a median rent of $470.
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