SOLD
Sold on 19 Feb 2024 for $675,000

4/120 Highfield Drive
Merrimac QLD 4226

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 112m2
Land area: 212m2
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Property Details for 4/120 Highfield Dr, Merrimac

Building Type
Commercial
Year Built
1994
Floor Size
112m2
Land Size
212m2
Local Government
Gold Coast City
Lot/Plan
4/GTP100775

Last Listing description (June 2023)

Presenting a unique lifestyle or investment opportunity for all buyers alike, this well presented and maintained 3 bedroom 2 bathroom townhouse is accompanied by a high quality return.

This 3 bedroom townhouse is located in the proudly presented Ponte Verdes complex with pool, BBQ area, fire pit, and playground and includes the management rights overseeing the grounds and 11 managements of the complex with a contract until 2038.

Producing a high net income return allows for a multitude of buyers looking to downsize and semi retire, an investor looking to securing income for minimum to no work with outsourcing the managements or for a couple looking to owner occupy and operate themselves as the current owners are, a high profit return can be achieved by all.

The complex is in close proximity to all major facilities including the Robina Town Centre precinct, Hospital and CBUS Stadium and 5 minutes driving distance from highly regarded international golf courses located at Lakelands and Palm Meadows.

*3 bedroom 2 bathroom single garage townhouse with extra parking space
*Management rights overseeing complex maintenance
*Management rights contract until 2038
*Approximate Net Annual Income of $93,000
*Live on site and manage yourself or outsource managements and just oversee grounds maintenance
*Large enclosed courtyard
*5 minutes' drive from 2 international golf courses

Disclaimer:
Advertising Disclaimer: We have in preparing this information used our best endeavours to ensure that 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 occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
* denotes approximate measurements.

Property History for 4/120 Highfield Dr, Merrimac, QLD 4226

A timeline of how this property has performed in the market
Last Sold
$675,000
19 Feb 2024
  • 19 Feb 2024
    Sold for $675,000
  • 28 Oct 2021
    Listed for Sale $900,000
  • 16 Mar 2010
    Sold for $350,000
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About Merrimac 4226

The size of Merrimac is approximately 9 square kilometres. It has 12 parks covering nearly 12.9% of total area. The population of Merrimac in 2011 was 6,320 people. By 2016 the population was 7,097 showing a population growth of 12.3% in the area during that time. The predominant age group in Merrimac is 30-39 years. Households in Merrimac are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merrimac work in a trades occupation. In 2011, 57.1% of the homes in Merrimac were owner-occupied compared with 50.8% in 2016.

Merrimac has 3,030 properties. Over the last 5 years, Houses in Merrimac have seen a 80.52% increase in median value, while Units have seen a 83.03% increase. As at 31 October 2024:

  • The median value for Houses in Merrimac is $961,572 while the median value for Units is $686,717.
  • Houses have a median rent of $800 while Units have a median rent of $725.
There are currently 31 properties listed for sale, and 8 properties listed for rent in Merrimac on OnTheHouse. According to CoreLogic's data, 154 properties were sold in the past 12 months in Merrimac.

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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.