6-24 Gates RoadFlagstone QLD 4280
Property Details for 6-24 Gates Rd, Flagstone
Last Listing description (October 2023)
CBRE is pleased to present to market Flagstone Village, a near new Coles anchored retail investment opportunity strategically positioned in the heart of the emerging Flagstone City Centre, with a forecasted 8.6%* p.a. MTA population growth.
- 4,604sqm* Coles anchored neighbourhood shopping centre secured via a long 7.7 Year* WALE (by income).
- New 10-year lease to a 3,616sqm* full-line Coles Supermarket, occupying 70%* of income and 79%* of the GLA, representing the largest full-line supermarket in the MTA.
- Located 38km* south of the Brisbane CBD and 7km* west of Jimboomba, within the identified Flagstone Priority Development Area (PDA).
- The Flagstone PDA is Queensland's second largest residential growth corridor and has been identified for an additional 50,000 new dwellings to accommodate 120,000 persons^.
- The MTA population is projected to increase at an average growth rate of 8.6%* p.a, over 4 times the Australian average^
- MTA retail spending is forecast to increase to $1.5 billion by 2041, representing an average growth rate of 11.3% p.a.^
- At-grade car parking for 245 vehicles including 2 electric charging bays and a Coles click and collect loading area.
- Fully leased net income: $1,607,000 per annum* (As at 1 November 2023)
For Sale by Expressions of Interest closing Thursday 16th November 2023 at 4:00pm (AEST).
*Approximate. ^ Location IQ Report
Property History for 6-24 Gates Rd, Flagstone, QLD 4280
- 24 Nov 2023Sold for $26,435,000
- 16 Oct 2023Listed for Sale PLEASE CONTACT EXCLUSIVE AGENTS
- 13 Jul 2023Listed for Rent - Price not available
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0About Flagstone 4280
The size of Flagstone is approximately 14.4 square kilometres. It has 10 parks covering nearly 5% of total area. The population of Flagstone in 2011 was 11,388 people. By 2016 the population was 13,190 showing a population growth of 15.8% in the area during that time. The predominant age group in Flagstone is 10-19 years. Households in Flagstone are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Flagstone work in a trades occupation. In 2011, 81.5% of the homes in Flagstone were owner-occupied compared with 80.5% in 2016.
Flagstone has 3,341 properties. Over the last 5 years, Houses in Flagstone have seen a 73.90% increase in median value, while Units have seen a 152.36% increase. As at 31 October 2024:
- The median value for Houses in Flagstone is $797,582 while the median value for Units is $621,720.
- Houses have a median rent of $570.
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