SOLD
RECENT ADVICE
Sold on 03 Oct 2024 - Price Unavailable

Patricks Road
Ferny Hills QLD 4055

Bedrooms: -
Bathrooms: -
Car spaces: 63
Floor area: 50m2
Land area: 4348m2
Sold By
Natasha Tambun
Dugan & Co Property
Paul Dugan
Dugan & Co Property
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Property Details for 170 Patricks Rd, Ferny Hills

Building Type
Commercial
Floor Size
50m2
Land Size
4348m2
Local Government
Moreton Bay
Lot/Plan
1/SP145743

Last Listing description (November 2024)

Exclusive agents, Dugan & Co Property are proud to present, Ferny Fair Medical & Shopping Centre, 170 Patricks Rd, Ferny Hills, for Sale via Offers to Purchase.

This strategic medical & retail investment represents a rare opportunity to secure a rock-solid high returning asset with massive upside.

All tenants on Net Leases

Net income estimate of $427,281* net p.a. + GST
Outstanding tenancy mix, WALE just under 4 years
Resilient 33%-40%* medical industry anchor tenants including Amcal & Sonic Health
Balance 60% long term f&b & service tenants
Large prime 4,348sqm* allotment with massive 76m wide frontage
Vehicle access via, Patrick Rd, Wandearah Cr, or Wingara Gr
Three (3) designated car park areas with over 60* plus car spaces
Further development upside & increase in lettable area STCA

Don't miss this rare opportunity to acquire a medical anchored centre with strong upside.

Contact exclusive agent, Paul Dugan, of Dugan & Co Property for further details.

*Approx.

Property History for 170 Patricks Rd, Ferny Hills, QLD 4055

A timeline of how this property has performed in the market
Last Sold
03 Oct 2024
Listed for Rent
$479/w
25 Aug 2024
  • 03 Oct 2024
    Sold
  • 04 Sep 2024
    Listed for Rent - Price not available
  • 03 Sep 2024
    Listed for Sale Contact Agent for Details
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About Ferny Hills 4055

The size of Ferny Hills is approximately 10.2 square kilometres. It has 35 parks covering nearly 54.2% of total area. The population of Ferny Hills in 2011 was 8,720 people. By 2016 the population was 8,733 showing a population growth of 0.1% in the area during that time. The predominant age group in Ferny Hills is 40-49 years. Households in Ferny Hills are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ferny Hills work in a professional occupation. In 2011, 84.1% of the homes in Ferny Hills were owner-occupied compared with 83.6% in 2016.

Ferny Hills has 3,309 properties. Over the last 5 years, Houses in Ferny Hills have seen a 80.74% increase in median value, while Units have seen a 68.15% increase. As at 31 October 2024:

  • The median value for Houses in Ferny Hills is $1,003,062 while the median value for Units is $662,810.
  • Houses have a median rent of $650 while Units have a median rent of $440.
There are currently 14 properties listed for sale, and 8 properties listed for rent in Ferny hills on OnTheHouse. According to CoreLogic's data, 139 properties were sold in the past 12 months in Ferny hills.

Suburb Insights for Ferny Hills 4055

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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.