SOLD
Sold on 23 Nov 2023 for $3,400,000

1 Tugun Street
Tugun QLD 4224

Bedrooms: -
Bathrooms: -
Car spaces: 25
Floor area: 648m2
Land area: 1788m2
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Property Details for 1 Tugun St, Tugun

Building Type
Commercial
Floor Size
648m2
Land Size
1788m2
Local Government
Gold Coast City
Lot/Plan
200/SP230628

Last Listing description (November 2023)

Tony Grbcic and Adam Grbcic from Kollosche Commercial are proud to present to the market, 1 Tugun Street, Tugun ("The Property").

This purpose built, freehold medical and specialist clinic is strategically located on the southern end of the Gold Coast in Tugun. Minutes from the Gold Coast Airport and the John Flynn Hospital, making it the ideal location for a specialist medical clinic.

The Property comprises all relevant and council authorities to operate as a Medical Clinic, making it a rare and unique offering which would be difficult to replace or obtain in the immediate or surrounding areas. Therefore providing a secure and savvy opportunity for investors or strategic holding for owner occupiers who recognise that these opportunities are extremely difficult to replicate.

The Key Attributes, include;
- Land Size: 1,788m2*
- Building Area: 538m2*
- Originally Purpose Built for a Radiologist, now split into two tenancies comprising a Plastic Surgery and Vacant Tenancy
- Secure Onsite Parking for 25 Vehicles
- Well Maintained and Presented

The Investment Opportunity, includes;
- 1 Tenant + 1 Vacant fully fitted medical suite
- Tenant profile Gold Coast Plastic Surgery
- Current Gross income = $175,000 + GST per annum
- Estimated Fully Tenanted Gross Income = $314,000 + GST per annum
- Total Outgoings: Approx $35,000 + GST
- Potential fully let net income: $279,000 + GST

This is an exciting and rare opportunity which provides security, upside and value add for the investor or owner occupier.

Please contact either Tony Grbcic or Adam Grbcic for more information.

Disclaimer:Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

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Property History for 1 Tugun St, Tugun, QLD 4224

A timeline of how this property has performed in the market
Last Sold
$3,400,000
23 Nov 2023
Listed for Rent
$29/w
24 Mar 2017
  • 23 Nov 2023
    Sold for $3,400,000
  • 30 Aug 2023
    Listed for Sale Under Contract
  • 04 Mar 2022
    Listed for Sale Contact Agent
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About Tugun 4224

The size of Tugun is approximately 3 square kilometres. It has 15 parks covering nearly 20.5% of total area. The population of Tugun in 2011 was 5,975 people. By 2016 the population was 6,594 showing a population growth of 10.4% in the area during that time. The predominant age group in Tugun is 50-59 years. Households in Tugun are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tugun work in a professional occupation. In 2011, 58.9% of the homes in Tugun were owner-occupied compared with 62.5% in 2016.

Tugun has 3,810 properties. Over the last 5 years, Houses in Tugun have seen a 91.86% increase in median value, while Units have seen a 104.45% increase. As at 30 September 2024:

  • The median value for Houses in Tugun is $1,423,012 while the median value for Units is $1,002,274.
  • Houses have a median rent of $900 while Units have a median rent of $750.
There are currently 29 properties listed for sale, and 12 properties listed for rent in Tugun on OnTheHouse. According to CoreLogic's data, 169 properties were sold in the past 12 months in Tugun.

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Adam Grbcic
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Tony Grbcic
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Kollosche
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