SOLD
Sold on 15 Nov 2023 for $1,355,000

1/25 Tedder Avenue
Main Beach QLD 4217

Bedrooms: -
Bathrooms: -
Car spaces: 2
Land area: 115m2
Sold By
Jared Johnson
Harcourts Coastal Commercial
Lachlan Marshall
Harcourts Coastal Commercial
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Property Details for 1/25 Tedder Ave, Main Beach

Building Type
Commercial
Land Size
115m2
Local Government
Gold Coast City
Lot/Plan
1/SP202018

Last Listing description (November 2023)

Jared Johnson & Lachlan Marshall from Harcourts Coastal Commercial are pleased to present to the market 1/25 Tedder Avenue, Main Beach.

Boasting street frontage to a food, lifestyle, and fashion mecca, coupled with the favourable characteristics of the affluent retail catchment, this asset represents an exceptional rarely offered opportunity for the astute Investor or Owner Occupier.


The asset is extremely well-located, benefitting from major Residential developments in the immediate area. Tedder Avenue has historically been regarded as of the most progressive and trendy streets on the Gold Coast. 300m to the surf & sand of the Main Beach beachfront & benefiting from effortless access to an array of cafes, restaurants, shopping, parks, Marina Mirage & excellent transport links including the G-Link (Light Rail), Smith Street Motorway & the Gold Coast Highway.

Open for inspection EVERY MONDAY 12:00pm-12:30pm leading up to Auction date.

The sellers are extremely motivated and will entertain all cash unconditional offers prior to Auction. If not sold prior, the property will be sold via Public Auction 11:00am on Wednesday the 15th of November at Harcourts Coastal Commercial office. Level 1/16 Queensland Avenue, Broadbeach. Access to electronic due diligence information will be made available to approved parties upon request and incorporates all available information, floor plans & lease documentation.

Key attributes:
Boutique 115m2 space on famous Tedder Avenue
Significant rental upside
Retail / Office / Studio
Incredible modern fit-out
Holding income
Generous ceiling heights
Flooded with natural light
Ducted air-conditioning
2 x Exclusive use secure basement carparks
Leased to popular fitness studio "Breathe Movement Studios" until September 2024

*Approximately

Disclaimer:
Harcourts Coastal Commercial has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Beyond Commercial Pty Ltd trading as Harcourts Coastal Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

Property History for 1/25 Tedder Ave, Main Beach, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$1,355,000
15 Nov 2023
  • 15 Nov 2023
    Sold for $1,355,000
  • 19 Oct 2023
    Listed for Sale AUCTION 15TH NOVEMBER 11AM
  • 07 Jun 2022
    Listed for Rent $56,254 / year
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About Main Beach 4217

The size of Main Beach is approximately 3.1 square kilometres. It has 5 parks covering nearly 46.3% of total area. The population of Main Beach in 2011 was 3,495 people. By 2016 the population was 3,864 showing a population growth of 10.6% in the area during that time. The predominant age group in Main Beach is 60-69 years. Households in Main Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Main Beach work in a professional occupation. In 2011, 53.7% of the homes in Main Beach were owner-occupied compared with 55.1% in 2016.

Main Beach has 3,800 properties. Over the last 5 years, Houses in Main Beach have seen a 65.55% increase in median value, while Units have seen a 87.88% increase. As at 31 July 2024:

  • The median value for Houses in Main Beach is $1,609,200 while the median value for Units is $1,403,392.
  • Houses have a median rent of $1,000 while Units have a median rent of $850.
There are currently 63 properties listed for sale, and 15 properties listed for rent in Main beach on OnTheHouse. According to CoreLogic's data, 200 properties were sold in the past 12 months in Main beach.

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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.