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 (August 2024)

Hudson Kaddatz proudly presents this exclusive boutique retail, medical, or office suite. Located in a bustling university precinct and offering vacant possession this property has had no expense spared on its exquisite fit-out, stepping into this stunning space it exudes luxury and refinement. Operators in this property instantly differentiate themselves from the competition. This unique opportunity allows owner-occupiers to acquire a turn-key suite of the utmost quality or provides investors with a property in perennial high rental demand.

89m2* net lettable 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
Ideal for a boutique medical or office suite
Functional layout to suit most operators
Over 35 shared carparks between 6 commercial lots
Located on the ground floor of highly successful 'Brooklyn Apartments' Development
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 copy of the Information Memorandum.

*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, inaccuracy or misstatements that may occur. Prospective purchases 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
  • 08 Jul 2024
    Listed for Sale OFFERS OVER $750,000 + GST
  • 05 Jul 2024
    Sold for $750,000
  • 17 Nov 2021
    Listed for Sale $700,000 + GST
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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 8,047 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 88.34% increase in median value, while Units have seen a 72.99% increase. As at 30 September 2024:

  • The median value for Houses in Varsity Lakes is $1,169,841 while the median value for Units is $755,001.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 26 properties listed for sale, and 28 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 424 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.