SOLD
Sold on 05 Apr 2024 for $850,000

3/18 Palings Court
Nerang QLD 4211

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 88m2
Land area: 250m2
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Property Details for 3/18 Palings Ct, Nerang

Building Type
Commercial
Year Built
1992
Floor Size
88m2
Land Size
250m2
Local Government
Gold Coast City
Lot/Plan
3/BUP11555

Last Listing description (October 2023)

Ideally located with easy access to the M1 this well-presented industrial warehouse of 260m2 would suit numerous business ventures. Currently run as and Electrical Piping Business, the owner will also sell the business to a savvy buyer wanting to supplement their income stream. Contact the agent for further details and to request an IM.
Warehouse Features:
- Good sized industrial warehouse at 260m2

- Low impact Industry Zoning
- Ideally located with easy access to the M1 both North and South
- Additional space at the rear of the property (not on plan) currently used for storage
- 5 onsite car parks allocated to Lot 3
- In a strata title complex with only 4 Units
- Total land area of 18 Palings Court is 1,500m2 with a total NLA of 836m2
- Warehouse includes 2 x offices, kitchenette, and toilet facilities onsite
- Warehouse also includes mezzanine level for storage
- Total Outgoings are approx. $7,250 including body corporate, rates and water

Business Features:
- Business trading as Rainbow Electrical Bends
- The business provides the bends for electrical conduit of various sizes
- Low input costs for stock as piping is supplied from an associated business
- Solid cashflow and long-term customers supporting the business
- Potential for upside and to reach new markets
- Owner willing to support the business transition for a period of time
- Total permanent staff of 3 people
- Contact agent for financial information

Disclaimer: Knight Frank 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, advice or as is otherwise necessary. No duty of care is assumed by City Commercial Gold Coast Pty Ltd T/A Knight Frank Gold Coast toward the recipient with regard to the use of this information and all information given is given without responsibility.

Property History for 3/18 Palings Ct, Nerang, QLD 4211

A timeline of how this property has performed in the market
Last Sold
$850,000
05 Apr 2024
  • 05 Apr 2024
    Sold for $850,000
  • 12 Oct 2023
    Listed for Sale Contact Agent
  • 26 Oct 2006
    Sold for $410,000
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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 99.80% increase in median value, while Units have seen a 102.63% increase. As at 31 October 2024:

  • The median value for Houses in Nerang is $913,136 while the median value for Units is $635,709.
  • Houses have a median rent of $750 while Units have a median rent of $590.
There are currently 73 properties listed for sale, and 35 properties listed for rent in Nerang on OnTheHouse. According to CoreLogic's data, 321 properties were sold in the past 12 months in Nerang.

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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.