SOLD
Sold on 24 Jun 2024 for $685,000

1/2 Pandanus Place
Upper Coomera QLD 4209

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 170m2
Land area: 170m2
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Property Details for 1/2 Pandanus Pl, Upper Coomera

Building Type
Commercial
Year Built
2016
Floor Size
170m2
Land Size
170m2
Local Government
Gold Coast City
Lot/Plan
1/SP286781

Last Listing description (April 2024)

Permanent Management Rights for Sale
No Facilities, Less Lawn Care, Ultimate Ease

- No requirement to live onsite and no set office hours.

- Extra rental potential: Opportunity to add your unit to the rental pool, potentially earning an EXTRA $30,000 to $40,000 per year.

- No swimming pool, no BBQ area, and no gate maintenance required.

- Minimal lawn maintenance required due to very small patches of grass.

- Net operating profit is over $95,000.

- Body corporate salary of $53,701 plus GST.

- Additional potential rental income of $30,000 to $40,000.

- Total income potential estimated around $130,000.

- All rentals are permanent, with a letting pool of 19 units.

- 25-year long-term agreement in place, with 22 years remaining.

- A very friendly and cooperative body corporate committee.

- Modern, spacious townhouse featuring 3 bedrooms, 2 bathrooms, and 2 garages.

- Includes a large professional office with two rooms and separate entrances, on title.

- Very low body corporate levies.

Offered at an extremely reasonable price of $1,063,000, which includes the magnificent 3-bedroom manager's townhouse.

This unmatched opportunity is one you won't find a second of on the market at the moment. Seize it now, or face decades of regret.

Net Profit: $95,391
Asking Price: $1,063,000
(Inclusive of $1,192,000 manager's real estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Exclusive Management Rights Broker
Bill He

Property Code: 780

Property History for 1/2 Pandanus Pl, Upper Coomera, QLD 4209

A timeline of how this property has performed in the market
Last Sold
$685,000
24 Jun 2024
Listed for Rent
$420/w
20 Apr 2018
  • 24 Jun 2024
    Sold for $685,000
  • 11 Apr 2024
    Listed for Sale $1,063,000
  • 19 Mar 2018
    Listed for Rent - Price not available
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About Upper Coomera 4209

The size of Upper Coomera is approximately 23.8 square kilometres. It has 54 parks covering nearly 9.6% of total area. The population of Upper Coomera in 2011 was 21,136 people. By 2016 the population was 25,281 showing a population growth of 19.6% in the area during that time. The predominant age group in Upper Coomera is 0-9 years. Households in Upper Coomera are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Coomera work in a trades occupation. In 2011, 51.5% of the homes in Upper Coomera were owner-occupied compared with 53.3% in 2016.

Upper Coomera has 10,093 properties. Over the last 5 years, Houses in Upper Coomera have seen a 91.90% increase in median value, while Units have seen a 115.21% increase. As at 30 November 2024:

  • The median value for Houses in Upper Coomera is $963,455 while the median value for Units is $676,954.
  • Houses have a median rent of $750 while Units have a median rent of $660.
There are currently 56 properties listed for sale, and 23 properties listed for rent in Upper coomera on OnTheHouse. According to CoreLogic's data, 569 properties were sold in the past 12 months in Upper coomera.

Suburb Insights for Upper Coomera 4209

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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.