SOLD
Sold on 22 Sep 2023 for $4,050,000

10-22 Perseverance Way
Logan Village QLD 4207

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2499m2
Sold By
James Freemantle
Stonebridge Property Group Pty Ltd
Michael Collins
Stonebridge Property Group Pty Ltd
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Property Details for 10-22 Perseverance Way, Logan Village

Building Type
Commercial
Land Size
2499m2
Local Government
Logan City
Lot/Plan
4/SP332297

Last Listing description (September 2023)

Stonebridge National Investment Sales is pleased to present 'Fast Food & Retail Logan Village (Brisbane)' for sale via Immediate Offers to Purchase.

The asset has the following key investment features:


- Brand new fast food and retail investment with 63% of income secured by national tenants and providing a long 8.64 WALE^ (by income)

- Subway New 7 year lease to 2029 + options to 2039
Global fast food chain with 1,229+ locations Australia wide

- Origin Kebabs New 10 year lease to 2032 + options to 2042
Rapidly expanding fast food operator across 32+ locations nationally with 10+ year track record of dominance in South East Queensland

- Newly constructed in October 2022 by industry leader, Hutchinson Builders, providing substantial depreciation benefits

- Large 2,499 sqm* landholding improved by fast food drive thru and retail centre, seamlessly integrated with neighbouring McDonald's, KFC & 7-Eleven

- Convenient and easily accessed site only metres to Waterford Tamborine Road (21,898+ vehicles daily), the major arterial linking Brisbane to Lendlease's booming Yarrabilba masterplanned community

- Logan Village 35 km* south of Brisbane CBD and part of Greater Logan LGA, population forecast to grow 43% and exceed 500,000 residents by 2036, supported by a $14.36 billion* economy

- Sought after, market leading annual rent increases of CPI+1% and up to 3.5% fixed across all tenancies

- Tenants pay all usual outgoings as per lease

- Net Income - $228,784 pa* + GST


'Fast Food & Retail Logan Village' is for sale via Immediate Offers to Purchase.

Please contact the exclusively appointed Stonebridge property professionals for more information.



*Approximately
^As at 1 November 2023

Property History for 10-22 Perseverance Way, Logan Village, QLD 4207

A timeline of how this property has performed in the market
Last Sold
$4,050,000
22 Sep 2023
  • 22 Sep 2023
    Sold for $4,050,000
  • 14 Jul 2023
    Listed for Sale Contact Agent

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About Logan Village 4207

The size of Logan Village is approximately 39.5 square kilometres. It has 10 parks covering nearly 4.4% of total area. The population of Logan Village in 2011 was 3,585 people. By 2016 the population was 4,426 showing a population growth of 23.5% in the area during that time. The predominant age group in Logan Village is 40-49 years. Households in Logan Village are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Logan Village work in a trades occupation. In 2011, 84.9% of the homes in Logan Village were owner-occupied compared with 84.3% in 2016.

Logan Village has 2,149 properties. Over the last 5 years, Houses in Logan Village have seen a 77.97% increase in median value, while Units have seen a 13.18% increase. As at 31 July 2024:

  • The median value for Houses in Logan Village is $1,045,682 while the median value for Units is $522,659.
  • Houses have a median rent of $850.
There are currently 20 properties listed for sale, and 5 properties listed for rent in Logan village on OnTheHouse. According to CoreLogic's data, 118 properties were sold in the past 12 months in Logan village.

Suburb Insights for Logan Village 4207

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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.