SOLD
Sold on 06 Feb 2024 for $404,800

24/25 Parramatta Road
Underwood QLD 4119

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 40m2
Land area: 99m2
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Property Details for 24/25 Parramatta Rd, Underwood

Building Type
Commercial
Year Built
1991
Floor Size
40m2
Land Size
99m2
Local Government
Logan City
Lot/Plan
24/BUP11461

Last Listing description (July 2024)

A rare offering in the Eucalyptus Industrial Complex Underwood. This once operated as the local snackbar and is now set up as a commercial food processing premises.

* Grease trap

* Upgraded gas supply
* Exhaust/rangehood
* Indoor walk in coldroom
* Instantaneous gas hot water
* Stainless steel splash backs & benches
* Air-conditioned
* Own toilet and wash basin
* Ample shared parking
* Current body corporate approval for outdoor freezer storage
* Outdoor freezer room available at extra cost
* Fantastic location in the heart of industrial Underwood
* Minutes to M1 Motorway
* Easy drive to Brisbane CBD or Gold Coast

PRICE: Contact Exclusive Agent
BUILDING AREA: 48 sqm

Location:
Underwood is located approx. 20kms southeast of the Brisbane CBD in the Brisbane-Gold Coast corridor. This area boasts an extensive and diverse mix of commercial, industrial and retail property, as well as a considerable established residential community. The area is well serviced by the Pacific Motorway, which provide links to both the north and south as well as easy access to the Logan and Gateway Motorways.

Property History for 24/25 Parramatta Rd, Underwood, QLD 4119

A timeline of how this property has performed in the market
Last Sold
$404,800
06 Feb 2024
Listed for Rent
$460/w
20 Mar 2023
  • 06 Feb 2024
    Sold for $404,800
  • 15 Dec 2023
    Listed for Sale Sold
  • 26 Sep 2022
    Sold for $280,000
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About Underwood 4119

The size of Underwood is approximately 4.2 square kilometres. It has 11 parks covering nearly 9.8% of total area. The population of Underwood in 2011 was 5,327 people. By 2016 the population was 6,343 showing a population growth of 19.1% in the area during that time. The predominant age group in Underwood is 30-39 years. Households in Underwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Underwood work in a professional occupation. In 2011, 70.2% of the homes in Underwood were owner-occupied compared with 67.6% in 2016.

Underwood has 3,348 properties. Over the last 5 years, Houses in Underwood have seen a 92.34% increase in median value, while Units have seen a 89.91% increase. As at 31 August 2024:

  • The median value for Houses in Underwood is $1,076,946 while the median value for Units is $613,160.
  • Houses have a median rent of $680 while Units have a median rent of $560.
There are currently 35 properties listed for sale, and 14 properties listed for rent in Underwood on OnTheHouse. According to CoreLogic's data, 157 properties were sold in the past 12 months in Underwood.

Suburb Insights for Underwood 4119

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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.