SOLD
Sold on 26 Sep 2024 for $750,000

8 Production Avenue
Molendinar QLD 4214

Bedrooms: -
Bathrooms: -
Car spaces: 3
Land area: 132m2
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Property Details for Lot 7/8 Production Ave, Molendinar

Building Type
Commercial
Land Size
132m2
Local Government
Gold Coast City
Lot/Plan
7/SP304092

Last Listing description (October 2024)

Jackson Rameau & Ben Cuddihy of RWC Gold Coast proudly present to the market via Auction 7/8 Production Avenue, Molendinar, QLD.

Key features include:
- Net income $46,800 * + GST + Outgoings (ability to occupy within 6 months)

- 217m2* of near new warehouse (132m2 ground floor area* + 85m2 mezzanine installed by original developer*)
- 3 x allocated car parks + ample visitors
- Three high-quality offices, each with ducted air-conditioning on mezzanine level
- High-clearance automatic roller shutter
- Situated within a securely gated complex of 16 units
- Ground floor features a private bathroom and kitchenette
- Two additional water basins on the mezzanine level
- Installed with 3-Phase Power for an array of uses
- Ideal for owner-occupier to do lease variation stating either party can terminate with 6 months notice
- Optimal connectivity with short travel times to the Smith Street and M1 Motorway
- Owner committed to investing elsewhere and genuine on selling!
- Don't miss out on this outstanding industrial opportunity. Call to inspect today!
- Will be sold, all offers to be submitted!

For sale via Public Auction to be held at 11:00 am Thursday 26th September 2024 at the Gold Coast Turf Club, Racecourse Drive, Bundall QLD. For more information or to arrange a private inspection, please contact the exclusive marketing agents Jackson Rameau on 0438 451 112 or Ben Cuddihy on 0434 511 401.

Disclaimer: The website may have filtered the property into a price bracket for website functionality purposes. RWC Gold Coast 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 Orchid Avenue Realty trading as RWC Gold Coast divisions toward the recipient with regard to the use of this information and all information given is given without responsibility. *Approximately

Property History for Lot 7/8 Production Ave, Molendinar, QLD 4214

A timeline of how this property has performed in the market
Last Sold
$750,000
26 Sep 2024
Listed for Rent
$824/w
28 Jun 2023
  • 26 Sep 2024
    Sold for $750,000
  • 22 Aug 2024
    Listed for Sale Auction - Thursday September 26th 2024 at 11am
  • 20 Feb 2023
    Sold for $650,000
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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 3,398 properties. Over the last 5 years, Houses in Molendinar have seen a 73.14% increase in median value, while Units have seen a 90.51% increase. As at 31 October 2024:

  • The median value for Houses in Molendinar is $1,102,619 while the median value for Units is $654,436.
  • Houses have a median rent of $850 while Units have a median rent of $650.
There are currently 13 properties listed for sale, and 12 properties listed for rent in Molendinar on OnTheHouse. According to CoreLogic's data, 153 properties were sold in the past 12 months in Molendinar.

Suburb Insights for Molendinar 4214

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Contact agent
Benjamin Cuddihy
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Jackson Rameau
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RWC Gold Coast
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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.