SOLD
Sold on 07 Jun 2024 for $405,000

3/6 Gapap Street
Tarragindi QLD 4121

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 46m2
Land area: 46m2
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Property Details for 3/6 Gapap St, Tarragindi

Building Type
Commercial
Floor Size
46m2
Land Size
46m2
Local Government
Brisbane
Lot/Plan
3/SP117744

Last Listing description (May 2024)

Get your skates on if you want to secure this chance to own a thriving shop inside a well-patronised, drive-in local retail hub in one of the southside's premier suburbs.

Highlights:

- 46m2 shop - current lessee runs a popular seafood takeaway outlet with outdoor dining
- Approximately 40 on-site communal car spaces for customer parking
- Annual return of $36,305.40 + gst with robust growth potential in this booming suburb
- Leased till August 2028 with 1 x 5-year option to follow
- Yearly rent increase set at a 4%

With its diverse range of prosperous specialty stores and ample parking to make quick trips in and out easy, Tarragindi Village already enjoys a strong local following.

Plus, its high-profile exposure to traffic along Toohey Road - one of the major thoroughfares through the ever-growing southside onto the Pacific Motorway into town - sees it pick up plenty of business from patrons much further afield than Tarragindi and its immediate surrounds.

If this looks like the type of commercial investment you've been looking for, act fast and contact Shirley for an in-depth chat.

All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.

Chui Yi Chow with Sunnybank Districts P/L T/A LJ Hooker Property Partners
ABN 36 423 223 183 / 21 107 068 020

Property History for 3/6 Gapap St, Tarragindi, QLD 4121

A timeline of how this property has performed in the market
Last Sold
$405,000
07 Jun 2024
  • 07 Jun 2024
    Sold for $405,000
  • 09 Feb 2024
    Listed for Sale $450,000+
  • 08 Dec 2017
    Sold for $430,000
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About Tarragindi 4121

The size of Tarragindi is approximately 4.5 square kilometres. It has 13 parks covering nearly 9.4% of total area. The population of Tarragindi in 2011 was 9,964 people. By 2016 the population was 10,794 showing a population growth of 8.3% in the area during that time. The predominant age group in Tarragindi is 40-49 years. Households in Tarragindi are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tarragindi work in a professional occupation. In 2011, 77% of the homes in Tarragindi were owner-occupied compared with 77% in 2016.

Tarragindi has 4,301 properties. Over the last 5 years, Houses in Tarragindi have seen a 83.57% increase in median value, while Units have seen a 77.18% increase. As at 31 October 2024:

  • The median value for Houses in Tarragindi is $1,399,951 while the median value for Units is $652,661.
  • Houses have a median rent of $750 while Units have a median rent of $433.
There are currently 22 properties listed for sale, and 6 properties listed for rent in Tarragindi on OnTheHouse. According to CoreLogic's data, 176 properties were sold in the past 12 months in Tarragindi.

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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.