SOLD
Sold on 15 Apr 2024 for $930,000

10/128 Lae Drive
Runaway Bay QLD 4216

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 100m2
Land area: 99m2
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Property Details for 10/128 Lae Dr, Runaway Bay

Building Type
Commercial
Floor Size
100m2
Land Size
99m2
Local Government
Gold Coast City
Lot/Plan
10/BUP11735

Last Listing description (February 2024)

Long Lease Investment in popular shopping complex

TENANT:
- High end beauty salon

- 10 years in business
- 6 to 8 week appointment waiting list

LEASE:
- 5 Year Lease + option
- Net Rent $58,710 per annum + GST + Outs
- Outgoings - $930 per month (approx.) paid by tenant

PROPERTY:
- Quality fit out
- Versatile investment
- Hidden plumbing for commercial kitchen
- Grease Trap connection
- Local Shopping zoning
- Great exposure in a high traffic area
- Interior floor size 99m2

Seller Instructs Urgent Circumstances Must Be Sold

Contact Gordon (0476 279 779) or Kris (0410 082 283) for more information

Property History for 10/128 Lae Dr, Runaway Bay, QLD 4216

A timeline of how this property has performed in the market
Last Sold
$930,000
15 Apr 2024
Listed for Rent
$774/w
15 Nov 2020
  • 15 Apr 2024
    Sold for $930,000
  • 28 Mar 2023
    Listed for Sale Contact Agent
  • 23 Aug 2022
    Listed for Sale Contact Exclusive Agents
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About Runaway Bay 4216

The size of Runaway Bay is approximately 5.3 square kilometres. It has 12 parks covering nearly 26.4% of total area. The population of Runaway Bay in 2011 was 8,912 people. By 2016 the population was 9,066 showing a population growth of 1.7% in the area during that time. The predominant age group in Runaway Bay is 60-69 years. Households in Runaway Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Runaway Bay work in a professional occupation. In 2011, 65.2% of the homes in Runaway Bay were owner-occupied compared with 66.5% in 2016.

Runaway Bay has 5,303 properties. Over the last 5 years, Houses in Runaway Bay have seen a 88.45% increase in median value, while Units have seen a 86.98% increase. As at 31 October 2024:

  • The median value for Houses in Runaway Bay is $1,698,357 while the median value for Units is $957,286.
  • Houses have a median rent of $1,000 while Units have a median rent of $700.
There are currently 58 properties listed for sale, and 7 properties listed for rent in Runaway bay on OnTheHouse. According to CoreLogic's data, 277 properties were sold in the past 12 months in Runaway bay.

Suburb Insights for Runaway Bay 4216

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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.