SOLD
Sold on 05 Jul 2024 for $750,000

1/190 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 89m2
Sold By
Coastal Property Agents Commercial
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Property Details for 1/190 Varsity Pde, Varsity Lakes

Building Type
Commercial
Land Size
89m2
Local Government
Gold Coast City
Lot/Plan
1/SP298112

Last Listing description (November 2024)

Hudson Kaddatz is proud to present this outstanding A-Grade Medical Investment in the heart of one of South-East QLD's fastest growing suburbs. This exceptional property has had no expense spared on its exquisite fit-out which has attracted a brand new 5 Year Lease with options to 2039 from Australia's largest Allied Health provider boasting over 300 clinics across Australia & New Zealand, Healthia Limited. This property is the definition of "Blue-Chip" and opportunities like this do not come around often, make no mistake that this property will be sold on or before the EOI close date. This High-Tech Medical premises is operating as a podiatry clinic "My Foot Dr" and features 4 treatment rooms with a stunning reception space, brand new ducted A/C system, BOSE commercial sound system & an extremely valuable 35 exclusive parks between 6 commercial lots. Call Hudson Kaddatz today to secure an inspection before this property is sold.

LEASE DETAILS:
Brand New 5 + 5 + 5 Year Lease

Leased to Australia's Largest Allied Health Provider - Healthia Limited
Returning $75,000 + GST + Outgoings Per Annum
4% Annual Increases
Extensive Fit-Out belongs to the Lessor
Strong Bank Guarantee & Director Guarantees in place
Healthia Limited boast 300+ clinics across Australia & New Zealand

PROPERTY FEATURES:
89m2* total area
4 large studio rooms
Stunning reception and waiting room
Phenomenal fit-out, extremely appealing to customers and foot traffic.
Ducted air conditioning throughout
Multi-room sound system
Abundance of natural light into the property
Functional layout
Over 35 shared commercial carparks between 6 lots
Located on the ground floor of the bustling 'Brooklyn Apartments' Development
Brand new Coles & Liquorland development only 50m away due for completion late 2025
Extremely flexible "Centre Zoning" allows for a wide variety of uses covering medical, office, retail and more

Contact the exclusive agent Hudson Kaddatz for a link to the Data Room containing all information on the property and to organise an inspection.

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Property History for 1/190 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$750,000
05 Jul 2024
  • 22 Nov 2024
    Listed for Sale Expressions of Interest closing 18th December
  • 08 Jul 2024
    Listed for Sale OFFERS OVER $750,000 + GST
  • 05 Jul 2024
    Sold for $750,000
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About Varsity Lakes 4227

The size of Varsity Lakes is approximately 5.9 square kilometres. It has 23 parks covering nearly 10.6% of total area. The population of Varsity Lakes in 2011 was 14,365 people. By 2016 the population was 15,000 showing a population growth of 4.4% in the area during that time. The predominant age group in Varsity Lakes is 20-29 years. Households in Varsity Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Varsity Lakes work in a professional occupation. In 2011, 51.9% of the homes in Varsity Lakes were owner-occupied compared with 51.3% in 2016.

Varsity Lakes has 8,041 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 83.43% increase in median value, while Units have seen a 78.54% increase. As at 31 October 2024:

  • The median value for Houses in Varsity Lakes is $1,169,868 while the median value for Units is $779,938.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 30 properties listed for sale, and 27 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 423 properties were sold in the past 12 months in Varsity lakes.

Suburb Insights for Varsity Lakes 4227

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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.