SOLD
Sold on 23 Feb 2024 for $1,300,000

1 Lake Orr Drive
Varsity Lakes QLD 4227

Bedrooms: -
Bathrooms: -
Car spaces: 5
Land area: 212m2
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Property Details for Lot 1301/1 Lake Orr Dr, Varsity Lakes

Building Type
Commercial
Land Size
212m2
Local Government
Gold Coast City
Lot/Plan
1301/SP199727

Last Listing description (November 2023)

Jared Johnson & Lachlan Marshall from Harcourts Coastal Commercial are proud to present to the market, 1301/1 Lake Orr Drive, Varsity Lakes.

Located in Varsity Lakes premier office building 'Varsity One' this truly unique offering is drenched with natural light & boasts expansive internal ceiling heights, exclusive amenities and an extremely functional layout. Watch the video for a virtual tour.


The sellers are extremely motivated and will entertain all cash unconditional offers prior to the Expressions of Interest closing date. If not sold prior the property will be sold via Expressions of Interest, closing at 4:00pm on Wednesday the 13th of December 2023.

Access to electronic due diligence information will be made available to all parties upon request and incorporates additional available information, floor plans & leasing appraisal.

This incredible asset features the below rarely available attributes:
165m* Functional open plan floor area
47m2* Balcony Space which captures views of the skyline from Surfers Paradise to Burleigh Heads
60m2 Additional mezzanine
Signage exposure to busy major arterial road being Bermuda Street
Multiple large private offices
Boardroom with lake views
Grand reception / foyer
5 exclusive use parking spaces
Modern kitchenette
Picturesque lakeside views and access to modern amenity including end of trip facilities, bike racks, onsite caf and lobby lounge
5.5 Star NABERS Energy Rating

*Approximately

Disclaimer:
Harcourts Coastal Commercial has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Beyond Commercial Pty Ltd trading as Harcourts Coastal Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

Property History for Lot 1301/1 Lake Orr Dr, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$1,300,000
23 Feb 2024
Listed for Rent
$1.41k/w
20 May 2020
  • 23 Feb 2024
    Sold for $1,300,000
  • 16 Nov 2023
    Listed for Sale EXPRESSIONS OF INTEREST - CLOSING 13TH DECEMBER
  • 20 Dec 2019
    Listed for Rent - Price not available
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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 8,048 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 28 properties listed for rent in Varsity lakes on OnTheHouse. According to CoreLogic's data, 421 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.