16 Lake StreetVarsity Lakes QLD 4227
Property Details for 16 Lake St, Varsity Lakes
Last Listing description (May 2024)
Peter Laoudikos from RWC Gold Coast is pleased to present this rare commercial building located at 16 Lake St, Varsity Lakes that combines retail, A grade offices and 2 studio apartments. Located on busy Lake St, this property is surrounded by some of the Coasts best, including hospitals, universities, retail, office and public transport that no other location on the Gold Coast can provide. With access onto the M1 both north and south only minutes away and access to some of the Gold Coast's best beaches, this is location buying.
The current mixed use configuration guarantees a steady income and the Freehold presents endless opportunities for future development. Future & Current Development Opportunities include but are not limited to a High Rise Configuration with or without a commercial aspect. We have designs and concepts available.
Key features of this freestanding building include;
364m2 block
307m2* combined office / retail areas
73m2* combined residential areas
146m2* common areas
Private bathrooms with showers
2 x kitchenettes to office / retail areas (ground level and Level 1)
Small kitchenettes to studio apartments
Multiple entrances with potential to lease upstairs and downstairs separately
Large secured undercover area with three (3) car parks and storage
Internal lift
Large undercover balcony
Outdoor BBQ area
*Approx.
Property History for 16 Lake St, Varsity Lakes, QLD 4227
- 10 May 2024Sold for $2,450,000
- 13 Jul 2023Listed for Sale Interest Around $2,300,000
- 24 Jan 2020Listed for Rent $330 / week
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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.
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