SOLD
Sold on 19 Apr 2024 for $450,000

8/1 Nerang Street
Nerang QLD 4211

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 139m2
Land area: 1068m2
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Property Details for 8/1 Nerang St, Nerang

Building Type
Commercial
Year Built
1997
Floor Size
139m2
Land Size
1068m2
Local Government
Gold Coast City
Lot/Plan
8/BUP105904

Last Listing description (January 2017)

OWNER OCCUPIER or INVESTOR
Sold as a Going Concern or Vacant Possession.
139m of Commercial Office Space in Nerang CBD, QLD 4211 (RSMS) area.

As a fully tenanted commercial investment returning $42,380 + GST p/a Gross (10% Net return).

- Multi uses available under the Town Plan.
- All offices are air-conditioned, security alarm and recent refurbished, including paint and carpet.
- Fast Access Internet (16/16) available with all offices wired for Data/Ph.
- Majority of professional business owner / occupies with in this small complex.
- Body Corporate is in good shape with regular maintenance work including driveway and painting been carried out.
- Centrally located within 1-minute access to M1

Property History for 8/1 Nerang St, Nerang, QLD 4211

A timeline of how this property has performed in the market
Last Sold
$450,000
19 Apr 2024
Listed for Rent
$250/w
03 Jun 2009
  • 19 Apr 2024
    Sold for $450,000
  • 21 Jun 2016
    Listed for Sale Not Disclosed
  • 16 Sep 2015
    Listed for Sale $349,500
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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 7,600 properties. Over the last 5 years, Houses in Nerang have seen a 87.31% increase in median value, while Units have seen a 106.79% increase. As at 30 November 2024:

  • The median value for Houses in Nerang is $915,465 while the median value for Units is $630,184.
  • Houses have a median rent of $750 while Units have a median rent of $580.
There are currently 61 properties listed for sale, and 34 properties listed for rent in Nerang on OnTheHouse. According to CoreLogic's data, 321 properties were sold in the past 12 months in Nerang.

Suburb Insights for Nerang 4211

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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.