SOLD
Sold on 25 Sep 2024 for $1,175,000

5/15 Flinders Parade
North Lakes QLD 4509

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 275m2
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Property Details for 5/15 Flinders Pde, North Lakes

Building Type
Commercial
Land Size
275m2
Local Government
Moreton Bay
Lot/Plan
5/SP289563

Last Listing description (October 2024)

Tenanted Industrial Unit Fronting Flinders Parade

Situated at the front of an eight-unit complex is this 275m* tilt slab unit fronting Flinders Parade. The unit is tenanted to North Lakes Flooring Solutions and returning $59,371.29* Per Annum Net + Outgoings + GST with three (3) years remaining on a five-year term. The property holds exceptional exposure to passing vehicles along Flinders Parade and visibility from Oxley Street. This is an opportunity to secure a premium industrial tenanted investment within one of North Brisbane's most tightly held precincts.

Key Features:

- 275m* Tilt Slab Industrial Unit
- Tenanted Investment Returning $59,372.29* PA Net + Outgoings + GST
- Five (5) Year Lease Commencing 12/09/2022
- One (1) x Five (5) Year Option with Market Review
- Zoning: Mixed Industry & Business (MIBA)
- Premium Unit with Exceptional Exposure to Flinders Parade & Oxley Street
- Close Proximity to the Bruce Highway, Diamond Jubilee Way, Costco, Bunnings & Westfield North Lakes

*Approximately

For further information or to arrange an inspection, please contact the Exclusive Agents from NAI Harcourts on the details below.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Property History for 5/15 Flinders Pde, North Lakes, QLD 4509

A timeline of how this property has performed in the market
Last Sold
$1,175,000
25 Sep 2024
Listed for Rent
$1.10k/w
19 Sep 2022
  • 25 Sep 2024
    Sold for $1,175,000
  • 05 Sep 2024
    Listed for Sale Contact Agent
  • 28 Jul 2022
    Listed for Rent - Price not available
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About North Lakes 4509

The size of North Lakes is approximately 11.6 square kilometres. It has 54 parks covering nearly 18.8% of total area. The population of North Lakes in 2011 was 15,045 people. By 2016 the population was 21,670 showing a population growth of 44.0% in the area during that time. The predominant age group in North Lakes is 0-9 years. Households in North Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Lakes work in a professional occupation. In 2011, 61.9% of the homes in North Lakes were owner-occupied compared with 54.8% in 2016.

North Lakes has 9,125 properties. Over the last 5 years, Houses in North Lakes have seen a 83.75% increase in median value, while Units have seen a 77.90% increase. As at 31 October 2024:

  • The median value for Houses in North Lakes is $925,379 while the median value for Units is $619,881.
  • Houses have a median rent of $650 while Units have a median rent of $570.
There are currently 54 properties listed for sale, and 104 properties listed for rent in North lakes on OnTheHouse. According to CoreLogic's data, 516 properties were sold in the past 12 months in North lakes.

Suburb Insights for North Lakes 4509

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NAI Harcourts Pinnacle Aspley
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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.