OFF MARKET

6 New Street
Nerang QLD 4211

Bedrooms: -
Bathrooms: -
Car spaces: 10
Land area: 898m2
We do not have enough data to display the calculated estimate for this property.
Save

Property Details for 6 New St, Nerang

Building Type
Commercial
Land Size
898m2
Local Government
Gold Coast City
Lot/Plan
3/RP110107

Last Listing description (November 2023)

Simon Robertson from Knight Frank Gold Coast is excited to present this outstanding freehold investment which was sold via Public Auction on Thursday 12th October 2023 at 5.30pm at the in-house Auction rooms next door at L.J Hooker Nerang.

This conveniently located asset consists of 898sqm of land and total NLA of 194sqm in Nerang's central business district. This multi-tenanted freehold investment opportunity comprises of three tenancies with 10+ off-street carparks. Blue Chip position, opposite the Nerang mall shopping centre which is anchored by Woolworths.

First time to the market in 26 years this is an exceptional opportunity to acquire a freehold property with long term established medical tenants.

This property has huge potential to re-develop within the centre zone code with 16 metre building height limit.

- 898sqm of land with current NLA of 194sqm over 3 tenancies
- Returning $76,386 Net + GST
- Fully Tenanted freehold property
- 3 x tenancies
- Zoned Centre Zone
- Building height limit of 16m
- 10+ onsite carparks
- Three toilets in total and two staff kitchen rooms
- 15kw solar (Total of 70 solar panels with total cost of $45K)
- Security Cameras
- Ducted air-con throughout
- New electric sliding entrance door
- Current tenants include Rosser Optometry, Professional Manual Therapies (Osteopath) and ReGen EV Charging Install
- First time to the market in 26 years
- This will generate an enormous amount of interest don't miss out of this fantastic opportunity!
- Please contact exclusive agent Simon Robertson for further 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, advices 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 6 New St, Nerang, QLD 4211

A timeline of how this property has performed in the market
Last Sold
$1,155,000
12 Oct 2023
  • 12 Oct 2023
    Sold for $1,155,000
  • 14 Sep 2023
    Listed for Sale UNDER CONTRACT UNDER CONTRACT
  • 06 Oct 2013
    Listed for Sale MID $400,000
Sign in to see more transactions

Commute Calculator

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.
There are currently 65 properties listed for sale, and 28 properties listed for rent in Nerang on OnTheHouse. According to CoreLogic's data, 323 properties were sold in the past 12 months in Nerang.

Suburb Insights for Nerang 4211

Market Insights
Nerang Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Nerang Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.