SOLD
Sold on 27 Mar 2024 for $1,500,000

2/11 Distribution Avenue
Molendinar QLD 4214

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 250m2
Land area: 1104m2
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Property Details for 2/11 Distribution Ave, Molendinar

Building Type
Commercial
Floor Size
250m2
Land Size
1104m2
Local Government
Gold Coast City
Lot/Plan
2/SP155667

Last Listing description (February 2023)

269sqm of air-conditioned office space. The tenancy features large glass windows at the front, open plan reception area with counter, and two levels of offices. The whole tenancy is air-conditioned with ducted and split systems.

Four allocated car spaces with easy access off Ashmore Road.

- Two levels of offices including boardroom

- Air-conditioned throughout
- Fibre internet with datacabling
- Reception desk with open plan area
- Male and female toilets
- 4 x allocated car spaces

Contact the exclusive agent (Josh Wright from Crew Commercial) to arrange an inspection.

Property History for 2/11 Distribution Ave, Molendinar, QLD 4214

A timeline of how this property has performed in the market
Last Sold
$1,500,000
27 Mar 2024
Listed for Rent
$805/w
27 Feb 2023
  • 27 Mar 2024
    Sold for $1,500,000
  • 14 Nov 2022
    Listed for Rent - Price not available
  • 18 May 2021
    Listed for Rent - Price not available
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About Molendinar 4214

The size of Molendinar is approximately 7.7 square kilometres. It has 15 parks covering nearly 7.2% of total area. The population of Molendinar in 2011 was 6,213 people. By 2016 the population was 6,379 showing a population growth of 2.7% in the area during that time. The predominant age group in Molendinar is 20-29 years. Households in Molendinar are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Molendinar work in a professional occupation. In 2011, 61.1% of the homes in Molendinar were owner-occupied compared with 59.9% in 2016.

Molendinar has 3,418 properties. Over the last 5 years, Houses in Molendinar have seen a 82.48% increase in median value, while Units have seen a 117.59% increase. As at 31 July 2024:

  • The median value for Houses in Molendinar is $1,121,983 while the median value for Units is $629,327.
  • Houses have a median rent of $850 while Units have a median rent of $600.
There are currently 20 properties listed for sale, and 19 properties listed for rent in Molendinar on OnTheHouse. According to CoreLogic's data, 155 properties were sold in the past 12 months in Molendinar.

Suburb Insights for Molendinar 4214

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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.