107 Musgrave AvenueLabrador QLD 4215
Property Details for 107 Musgrave Ave, Labrador
Last Listing description (April 2023)
Offering excellent visibility and signage opportunities, this prime 698sqm potential development site is situated on a high profile intersection within the burgeoning Labrador and Southport corridor.
Presenting a multitude of opportunities to redevelop or land bank with an ideal corner location on busy Musgrave and Kumbari Ave's. High traffic flow ensures maximum exposure for your business or commercial venture such as a child care centre, corner convenience store, medical facilities, or offices subject to council approval. The site was previously DA approved for a comprehensive 6 level medical centre. (3 basement carparking and 3 level medical facilities)
Positioned a few hundred metres from Labrador's medium density zoning, local shops, cafes and restaurants at the Chirn Park Village, and minutes to major shopping centres - Australia Fair and Harbour Town, the Broadwater and the Southport CBD.
**Note: Property is being sold as is where is. The dwelling is currently requiring extensive repairs and maintenance to be returned to an habitable state. **
Key attributes:
- 698sqm prime corner block
- High profile main road intersection
- Dual street frontage - Musgrave Ave and Kumbari Ave
- Previous DA approval for medical centre (lapsed) 6 levels, 3 basement 3 offiecs
- Redevelop to a range of commercial or residential uses subject to council approval such as child care centre, corner convenience store, medical facilities, or offices
DISCLAIMER: Lucy Cole Prestige Properties and its agents in preparing this marketing have used our best endeavours to ensure the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may inadvertently occur. Prospective purchasers should make their own enquiries and due diligence to verify the information contained herein.
Property History for 107 Musgrave Ave, Labrador, QLD 4215
- 12 Dec 2022Sold for $660,000
- 02 Aug 2022Listed for Sale Sold by John Cole | $660,000
- 09 Feb 2021Listed for Rent $430 / week
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About Labrador 4215
The size of Labrador is approximately 5 square kilometres. It has 19 parks covering nearly 14.6% of total area. The population of Labrador in 2011 was 16,401 people. By 2016 the population was 18,277 showing a population growth of 11.4% in the area during that time. The predominant age group in Labrador is 20-29 years. Households in Labrador are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Labrador work in a professional occupation. In 2011, 46.2% of the homes in Labrador were owner-occupied compared with 45.1% in 2016.
Labrador has 11,915 properties. Over the last 5 years, Houses in Labrador have seen a 110.30% increase in median value, while Units have seen a 93.83% increase. As at 31 July 2024:
- The median value for Houses in Labrador is $1,086,427 while the median value for Units is $666,375.
- Houses have a median rent of $690 while Units have a median rent of $625.
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