11 Commercial DriveSpringfield QLD 4300
Property Details for 11 Commercial Dr, Springfield
Last Listing description (October 2023)
CBRE Retail Investments are pleased to present to market Club Lime, Springfield.
- Brand new 7 year triple net lease, with options extending to 2040, underpinned by ASX listed Viva Leisure (ASX:VVA).
- Well-designed 1,107sqm* single level fitness centre with 21 allocated on-grade car parks, plus an additional 27 on-grade shared car parks.
- Recently constructed in 2023, offering substantial depreciation benefits and a tax-effective income stream.
- Located 22km* south-west of the Brisbane CBD in the heart of Springfield City, Australia's largest master-planned city, with the population forecast to grow 130% by 2036^.
- Single tenanted investment 100% leased to ASX listed Viva Leisure (ASX:VVA), with a market cap of $126.85** million and operates over 370 facilities nationally.
- Net Income $341,000* per annum + GST.
Club Lime, Springfield is being offered for sale via Expressions of Interest closing Wednesday 22nd November 2023 at 4:00pm (AEST).
For further information on this opportunity, please reach out to the sales and marketing agents.
*Approximate. ^LIQ, 2023. **As at 17 October 2023
Property History for 11 Commercial Dr, Springfield, QLD 4300
- 01 Mar 2024Sold for $5,350,000
- 24 Oct 2023Listed for Sale PLEASE CONTACT EXCLUSIVE AGENTS
- 29 Oct 2019Listed for Rent $300,000 / year
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0About Springfield 4300
The size of Springfield is approximately 6.7 square kilometres. It has 19 parks covering nearly 8.8% of total area. The population of Springfield in 2011 was 6,618 people. By 2016 the population was 6,785 showing a population growth of 2.5% in the area during that time. The predominant age group in Springfield is 0-9 years. Households in Springfield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Springfield work in a clerical occupation. In 2011, 60.3% of the homes in Springfield were owner-occupied compared with 62.2% in 2016.
Springfield has 3,077 properties. Over the last 5 years, Houses in Springfield have seen a 95.18% increase in median value, while Units have seen a 124.21% increase. As at 30 November 2024:
- The median value for Houses in Springfield is $862,927 while the median value for Units is $592,699.
- Houses have a median rent of $620 while Units have a median rent of $550.
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