OFF MARKET

52 Frank Street
Labrador QLD 4215

Bedrooms: 1
Bathrooms: 1
Car spaces: 20
Land area: 436m2
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Last updated 15 Jul 2024
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Property Details for 52 Frank St, Labrador

Building Type
Commercial
Land Size
436m2
Local Government
Gold Coast City
Lot/Plan
8/SP312983

Last Listing description (April 2023)

52 Frank Street, Labrador offers a great opportunity to secure a prime investment occupying a prime corner position in a highly exposed location. Located just a short walk from the water (approx 200m), restaurants, waterfront parks, amenities, cafes, boutique shops and an array of public transport.

Currently rented for $1,000 + GST per week as a commercial boat dealership for a 3-year lease ending 2026 with 3-year option.

Opportunities are endless as this property is zoned as medium-density residential, take your pick of residential or commercial development.

Previously used as a car dealership, this property offers a great opportunity for businesses looking to grow by taking advantage of this high exposure position within Gold Coast. Residential developers could create a lucrative return from this site (STCA).

Key Asset Characteristics:
- Currently rented for $1,000 + GST per week as a commercial boat dealership for a 3-year lease ending 2026 with 3-year option.
- High main-road exposure (be seen by approx 40,000 cars daily)
- Medium residential zoning (approved for commercial use)
- Exceptional investment opportunity
- Steps away from Gold Coast shorelines
- Transport-rich location with direct access to bus, rail and trams
- Fully Fenced 436m2 parcel (fit approx 20 cars behind enclosed gates)
- Keypad access electric security Gate
- Brand New Flood Lights, light Box Signage
- Full Security System Throughout the Premises
- 2x Split System Air-conditioning In Showroom & Office
- Kitchenette With Sink & Stove Top, x1 bathroom
- Sound System Installed Throughout Internal/External
- Lockable Side Access with Colourbond Roofing
- Blank Canvas for Signage
- Lock up garage/workshop

Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, NGU REAL ESTATE will not be held liable for any errors in typing or information. All information is considered correct at the time of display.

Property History for 52 Frank St, Labrador, QLD 4215

A timeline of how this property has performed in the market
Listed for Rent
$1.34k/w
03 May 2022
  • 02 May 2022
    Listed for Sale $1,100,000
  • 11 Apr 2022
    Listed for Rent - Price not available
  • 01 Feb 2022
    Listed for Sale Contact Agent

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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 11,847 properties. Over the last 5 years, Houses in Labrador have seen a 107.49% increase in median value, while Units have seen a 102.17% increase. As at 31 October 2024:

  • The median value for Houses in Labrador is $1,068,941 while the median value for Units is $702,019.
  • Houses have a median rent of $680 while Units have a median rent of $630.
There are currently 129 properties listed for sale, and 30 properties listed for rent in Labrador on OnTheHouse. According to CoreLogic's data, 563 properties were sold in the past 12 months in Labrador.

Suburb Insights for Labrador 4215

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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.