13/5-7 Lavelle StreetNerang QLD 4211
Property Details for 13/5-7 Lavelle St, Nerang
Last Listing description (November 2023)
CLARK Commercial presents an exceptional investment opportunity at Lot 13/5-7 Lavelle Street, Nerang QLD 4211. This prime property is strategically located in the thriving business and retail precinct of Nerang, offering excellent exposure and advantageous positioning. With Fitstop, an international fitness franchise, as the tenant, this property presents a promising investment prospect. CLARK Commercial have received instructions to sell this asset via private treaty, seeking 1.55M or nearest offer.
Property Highlights:
Prime location, ground floor, corner position
Spacious unit spanning 315*m2
Approx. 36* metres of street frontage with high visibility
Situated within a larger complex with a total site area of 2,036*m2
Lease to Fitstop, an international fitness franchise
Additional ATM lease in place
Lease term of 5 years with 2 sets of 5 years options thereafter
Net income: $103,703* per annum
Fitstop lease includes 3% annual increases
Facility Features:
Custom 3 Cell Cable Rig and Fitstop Floating Wall Frames for advanced programming.
Shower facilities for client use.
Dedicated kids' corner for parents' peace of mind.
Immaculate fit-out showcasing significant tenant investment (costing the tenant plus $100,000)
Video Tour:
To explore the Fitstop Nerang facility, watch the following video: (https://www.youtube.com/watch?v=LCtvGPeZzRI)
For Sale via Private Treaty:
Seeking 1.55M or nearest offer
Contact exclusive agent Ryan Chandler for further details.
Don't miss out on this exciting investment opportunity! For further details, please contact exclusive listing agent Ryan Chandler at 0415 805 277.
Disclaimer: We have in preparing this information used our best endeavor to ensure that the information contained herein is true and accurate and accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracy or misstatements that may occur. Prospective vendors, purchases and tenants should make their own enquiries to verify the information contained herein.
Property History for 13/5-7 Lavelle St, Nerang, QLD 4211
- 29 Sep 2023Sold for $1,500,000
- 06 Jul 2023Listed for Sale $1,550,000
- 26 Apr 2022Listed for Rent - Price not available
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About Nerang 4211
The size of Nerang is approximately 35.9 square kilometres. It has 49 parks covering nearly 53.6% of total area. The population of Nerang in 2011 was 16,256 people. By 2016 the population was 16,872 showing a population growth of 3.8% in the area during that time. The predominant age group in Nerang is 40-49 years. Households in Nerang are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nerang work in a trades occupation. In 2011, 60% of the homes in Nerang were owner-occupied compared with 58% in 2016.
Nerang has 7,572 properties. Over the last 5 years, Houses in Nerang have seen a 100.02% increase in median value, while Units have seen a 94.50% increase. As at 30 September 2024:
- The median value for Houses in Nerang is $912,861 while the median value for Units is $613,766.
- Houses have a median rent of $740 while Units have a median rent of $600.
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