SOLD
Sold on 23 Jul 2024 for $6,600,000

62 Kingston Road
Underwood QLD 4119

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 450m2
Land area: 5113m2
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Property Details for 62 Kingston Rd, Underwood

Building Type
Commercial
Floor Size
450m2
Land Size
5113m2
Local Government
Logan City
Lot/Plan
1/RP172993

Last Listing description (June 2022)

Ray White Industrial Southwest, as exclusive agents are pleased to present 62-64 Kingston Road, Underwood to sale via expressions of interest. This main road holding is located in the tightly held underwood precinct with the asset having a large holding income as well as over 1000m2 of building area. The site has over 70 metres of main road frontage to Kingston Road allowing for excellent exposure and future development within the tightly held local market.

STAGGERED LEASE TERMS ALLOWING FOR OWNER-OCCUPIERS OR DEVELOPERS

Features Include:

- $220,020 Gross + GST
- Flexible mixed use zoning
- Building Area: 1050 sqm
- Regular shaped 5113 sqm land parcel.
- Warehouses divided into multiple tenancies
- Over 70 metres of frontage of Kingston Road
- Ability to subdivide STCA
- Quick and easy access to all nearby major arterial roads

The asset at 62-64 Kingston Road is being offered for sale via expressions of interest closing 11th of March 2022. Please make contact if you require any further information on the asset or if you would like to arrange an inspection.

Property History for 62 Kingston Rd, Underwood, QLD 4119

A timeline of how this property has performed in the market
Last Sold
$6,600,000
23 Jul 2024
Listed for Rent
$389/w
06 Sep 2018
  • 23 Jul 2024
    Sold for $6,600,000
  • 06 Apr 2022
    Sold for $4,000,000
  • 11 Feb 2022
    Listed for Sale Price on Application
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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 3,321 properties. Over the last 5 years, Houses in Underwood have seen a 92.04% increase in median value, while Units have seen a 96.31% increase. As at 30 September 2024:

  • The median value for Houses in Underwood is $1,083,160 while the median value for Units is $618,946.
  • Houses have a median rent of $680 while Units have a median rent of $560.
There are currently 41 properties listed for sale, and 22 properties listed for rent in Underwood on OnTheHouse. According to CoreLogic's data, 145 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.