SOLD
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Sold on 23 Apr 2024 - Price Unavailable

1/11 Bailey Crescent
Southport QLD 4215

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 43m2
Land area: 43m2
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Property Details for 1/11 Bailey Cres, Southport

Building Type
Commercial
Floor Size
43m2
Land Size
43m2
Local Government
Gold Coast City
Lot/Plan
1/BUP106676

Last Listing description (April 2024)

This opportunity is bricks and mortar growth. Make money in your sleep with this set and forget secure investment. Nestled within a prime industrial precinct together with a highly visible corner location, the hot food, snacks & takeaway tenant will always have a captive market from the surrounding industry.

Key points of the opportunity:-
* Tenanted income from a prominent hot food, snack bar and takeaway shop

* Located in a high traffic Bailey Crescent, Southport, a prime industrial precinct of the Gold Coast
* $17,000 p.a. net rent
* Outgoings costs are 100% recovered from the tenant
* Body corp levies $546.42* per quarter
* Council general rates $1,918.67* biannually
* Council Water & Sewer rates $752.84* for circa 4 months
* Lease expiry at 1 September 2025 + 3 years option
* Market rent review at start of option
* Proven tenant in situ now for 4 years (from lease commencement)
* Internal and alfresco dining + a large commercial kitchen
* Ideal for growth in your superfund

The seller is committed and ready to make a deal. Time is of the essence, and this property is bound to be snatched up quickly. Don't let this opportunity slip through your fingers, take action now.

Please contact the agent to discuss 1/11 Bailey Crescent in further detail and arrange your time to view the premises.

*Approx.

Disclaimer: Ray White 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 Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

Property History for 1/11 Bailey Cres, Southport, QLD 4215

A timeline of how this property has performed in the market
Last Sold
23 Apr 2024
Listed for Rent
14 Aug 2019
  • 23 Apr 2024
    Sold for $300,000
  • 10 Sep 2019
    Listed for Sale $180,000
  • 16 May 2019
    Listed for Rent - Price not available
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About Southport 4215

The size of Southport is approximately 14.6 square kilometres. It has 37 parks covering nearly 18.2% of total area. The population of Southport in 2011 was 28,314 people. By 2016 the population was 31,879 showing a population growth of 12.6% in the area during that time. The predominant age group in Southport is 20-29 years. Households in Southport are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southport work in a professional occupation. In 2011, 41.2% of the homes in Southport were owner-occupied compared with 37.9% in 2016.

Southport has 19,530 properties. Over the last 5 years, Houses in Southport have seen a 71.54% increase in median value, while Units have seen a 97.15% increase. As at 31 October 2024:

  • The median value for Houses in Southport is $1,056,663 while the median value for Units is $718,523.
  • Houses have a median rent of $745 while Units have a median rent of $650.
There are currently 247 properties listed for sale, and 134 properties listed for rent in Southport on OnTheHouse. According to CoreLogic's data, 1031 properties were sold in the past 12 months in Southport.

Suburb Insights for Southport 4215

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Contact agent
Craig Cornish
Show contact details
RWC Gold Coast
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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.