SOLD
Sold on 17 Jan 2024 for $7,225,000

68 Pimpama Jacobs Well Road
Pimpama QLD 4209

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3292m2
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Property Details for 68 Pimpama Jacobs Well Rd, Pimpama

Building Type
Commercial
Land Size
3292m2
Local Government
Gold Coast City
Lot/Plan
1/SP331809

Last Listing description (November 2023)

Burgess Rawson in conjunction with Commercial East Coast Investments are pleased to offer to the market 68 Pimpama Jacobs Well Road, Pimpama (Gold Coast) QLD for sale via Offers to Purchase.

The property has the following investment highlights:

+ Investment anchored by national brands - Caltex, The Cheesecake Shop and Ramen Danbo restaurant and drive-thru

+ 15 year, 10 year and 7 year leases in place with CPI and fixed annual rent increases
+ High profile 3,292sqm* corner site with 2 street frontages & direct access to the M1 motorway - 420 metres*
+ Building area of 404sqm* plus 252sqm* fuel canopy
+ Near new construction offering significant depreciation benefits of $296,000* in the 1st year (circa 57% of net rent*)
+ Zoned 'Centre' with future re-development potential to 9 stories (STCA)
+ Estimated passing traffic flow of over 116,000 vehicles weekly*
+ Situated within a major retail precinct & in close proximity to a Medical Centre, Coles, ALDI, Bunnings & BCF
+ 500 metres* to the new Pimpama Rail Station opening 2024
+ Pimpama: the fastest growing area in Queensland and is situated 51km* south of Brisbane CBD and 25km* north of Southport. It has experienced the highest growth rate outside capital cities in the country at almost 13%**
+ Net Income: $516,798 pa* + GST (as at 1 December 2023)

For Sale via Offers to Purchase.

Please contact the exclusively appointed Burgess Rawson & Commercial East Coast Investments team for more information

*Approx.
**ABS Statistics - 30 March 2022

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Property History for 68 Pimpama Jacobs Well Rd, Pimpama, QLD 4209

A timeline of how this property has performed in the market
Last Sold
$7,225,000
17 Jan 2024
Listed for Rent
$1.53k/w
20 May 2021
  • 17 Jan 2024
    Sold for $7,225,000
  • 27 Sep 2023
    Listed for Sale Price on Request
  • 04 Aug 2022
    Listed for Sale $8,500,000 ono

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About Pimpama 4209

The size of Pimpama is approximately 41.4 square kilometres. It has 34 parks covering nearly 13.3% of total area. The population of Pimpama in 2011 was 3,211 people. By 2016 the population was 9,392 showing a population growth of 192.5% in the area during that time. The predominant age group in Pimpama is 0-9 years. Households in Pimpama are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pimpama work in a trades occupation. In 2011, 42.1% of the homes in Pimpama were owner-occupied compared with 29% in 2016.

Pimpama has 10,711 properties. Over the last 5 years, Houses in Pimpama have seen a 87.84% increase in median value, while Units have seen a 102.83% increase. As at 31 August 2024:

  • The median value for Houses in Pimpama is $869,206 while the median value for Units is $670,478.
  • Houses have a median rent of $680 while Units have a median rent of $620.
There are currently 73 properties listed for sale, and 49 properties listed for rent in Pimpama on OnTheHouse. According to CoreLogic's data, 819 properties were sold in the past 12 months in Pimpama.

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