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Sold on 29 Jul 2024 - Price Unavailable

1 Court Road
Nambour QLD 4560

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 336m2
Land area: 597m2
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This property is currently on the market
CENTRAL NAMBOUR
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Property Details for 1 Court Rd, Nambour

Building Type
Commercial
Floor Size
336m2
Land Size
597m2
Local Government
Sunshine Coast Regional
Lot/Plan
1/RP128775

Last Listing description (July 2024)

Emily Pendleton and Abi Rowlands from the RWC Northern Corridor Group are pleased to present 1 Court Road, Nambour to the market for sale. This property is located in a prime Nambour location and boasts ample opportunity for investors and developers alike. Currently, it is a unique residential property featuring space for 5 tenants, all with their own bathroom, outdoor space and access point.

The property is nestled in a Medium Density Residential Zone, providing ample opportunity for the property to be developed into a commercial asset or kept as a residential investment. The flexibility of the short term residential leases leaves this opportunity open to investors, developers and/or owner occupiers.

Highlights of this property include:

• Internal floor area of 336m2*
• Land area of 597m2*
• Currently tenanted to 5 individual tenants
• Council approvals in place for boarding accommodation
• Medium Density Residential Zone
• Mixed-use area of commercial and residential properties close to the CBD
• Onsite car parking
• Current yearly income of $89,960 (between 5 tenants)

Our dynamic and acclaimed team strategically operates from three well-positioned offices spanning the South East Queensland Northern Corridor, dedicated to serving clients in the SUNSHINE COAST, MORETON BAY & NORTH BRISBANE regions.

For further information on this property please contact the exclusive marketing agents.

*Approximately

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Property History for 1 Court Rd, Nambour, QLD 4560

A timeline of how this property has performed in the market
Last Sold
29 Jul 2024
Listed for Rent
$380/w
09 Sep 2024
  • 09 Sep 2024
    Listed for Rent $380 / week
  • 29 Jul 2024
    Sold
  • 16 May 2024
    Listed for Rent $330 / week
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About Nambour 4560

The size of Nambour is approximately 11.4 square kilometres. It has 31 parks covering nearly 10.9% of total area. The population of Nambour in 2011 was 10,222 people. By 2016 the population was 11,183 showing a population growth of 9.4% in the area during that time. The predominant age group in Nambour is 0-9 years. Households in Nambour are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Nambour work in a trades occupation. In 2011, 57.6% of the homes in Nambour were owner-occupied compared with 54.4% in 2016.

Nambour has 6,629 properties. Over the last 5 years, Houses in Nambour have seen a 90.27% increase in median value, while Units have seen a 78.26% increase. As at 31 August 2024:

  • The median value for Houses in Nambour is $738,052 while the median value for Units is $487,526.
  • Houses have a median rent of $600 while Units have a median rent of $498.
There are currently 86 properties listed for sale, and 57 properties listed for rent in Nambour on OnTheHouse. According to CoreLogic's data, 367 properties were sold in the past 12 months in Nambour.

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Emily Pendleton
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Abi Rowlands
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RWC Northern Corridor Group - Sunshine Coast Location
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