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Sold on 06 Sep 2024 - Price Unavailable

478 Logan Road
Greenslopes QLD 4120

Bedrooms: -
Bathrooms: -
Car spaces: 11
Floor area: 592m2
Land area: 809m2
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Property Details for 478 Logan Rd, Greenslopes

Building Type
Commercial
Floor Size
592m2
Land Size
809m2
Local Government
Brisbane
Lot/Plan
4/RP151961

Last Listing description (September 2024)

RWC Queensland has the pleasure to offer 478 Logan Road Greenslopes in Brisbane, Queensland to the market.

With an existing vacant commercial building, this property offers multiple opportunities (STCA^) including:
- Occupy the existing commercial building;

- Invest and value-add by refurbishing and leasing the building; or
- Develop.

478 Logan Road Greenslopes is a prominent allotment with a modern two-storey commercial building strategically positioned 3 kilometres* from the Brisbane CBD and just 1.25 kilometres* from one of Queensland's largest Healthcare precincts - the 'Boggo Road Precinct' (incorporating the Princess Alexandra Hospital) and only 1 kilometre* from the Greenslopes Private Hospital.
- High traffic exposure with 151,200* vehicles weekly.
- Net Lettable Area - 592m²* + 11 car parks.
- Building Class 9b (Tenancy Fitout for School approved for 296 people).
- Land Area - 809m²* (20.1 metre* street frontage).
- Zoned MU3 Mixed Use (Corridor). 5 storey allowable building height^.
- Zoning allows for business, retail, service industry, residential, tourist accommodation, low impact industrial uses or activities, and more^.
- Immediately adjacent to the proposed 'Stones Corner Suburban Renewal Precinct'.
- Location set to benefit from over $6 billion* of infrastructure projects under construction, proximity to major health and medical research infrastructure, exceptional public transport connectivity and surrounding retail and lifestyle amenity.
- Situated just 2 kilometres* from the 'Gabba' Sports Stadium which is set to be redeveloped for the 2032 Olympic Games.

A rare opportunity to secure a piece of this tightly held precinct. Huge potential for future capital growth and development.

For sale via Auction, In-Room, on Friday 06 September 2024 at 10.00am (AEST).

In-Room Auction Location:
Level 26, 111 Eagle Street, Brisbane QLD

OPEN FOR INSPECTION TIMES
Thursday, 15 August: 11.00am-11.30am
Tuesday, 20 August: 11.00am-11.30am
Thursday, 22 August: 11.00am-11.30am
Tuesday, 27 August: 11.00am-11.30am
Friday, 30 August: 11.00am-11.30am
Tuesday, 03 September: 11.00am-11.30am
Thursday, 05 September: 11.00am-11.30am

*Approximately (radial km)
^Subject to Council Approval
Image outlines/labels indicative only

Property History for 478 Logan Rd, Greenslopes, QLD 4120

A timeline of how this property has performed in the market
Last Sold
06 Sep 2024
Listed for Rent
07 Feb 2008
  • 06 Sep 2024
    Sold for $2,710,000
  • 31 Jul 2024
    Listed for Sale Auction 6 September 2024 @ 10am
  • 07 Dec 2007
    Sold for $1,960,000
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About Greenslopes 4120

The size of Greenslopes is approximately 2.5 square kilometres. It has 11 parks covering nearly 10.5% of total area. The population of Greenslopes in 2011 was 8,564 people. By 2016 the population was 8,939 showing a population growth of 4.4% in the area during that time. The predominant age group in Greenslopes is 20-29 years. Households in Greenslopes are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Greenslopes work in a professional occupation. In 2011, 42.5% of the homes in Greenslopes were owner-occupied compared with 40.8% in 2016.

Greenslopes has 4,687 properties. Over the last 5 years, Houses in Greenslopes have seen a 77.85% increase in median value, while Units have seen a 91.16% increase. As at 31 October 2024:

  • The median value for Houses in Greenslopes is $1,361,522 while the median value for Units is $704,441.
  • Houses have a median rent of $650 while Units have a median rent of $535.
There are currently 14 properties listed for sale, and 8 properties listed for rent in Greenslopes on OnTheHouse. According to CoreLogic's data, 164 properties were sold in the past 12 months in Greenslopes.

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Contact agent
Tom Barr
Show contact details
RWC QLD
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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.