SOLD
Sold on 04 Apr 2024 for $4,850,000

2/401-409 Main Road
Wellington Point QLD 4160

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 115m2
Land area: 326m2
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Property Details for 2/401-409 Main Rd, Wellington Point

Building Type
Commercial
Year Built
1992
Floor Size
115m2
Land Size
326m2
Local Government
Redland
Lot/Plan
2/BUP10485

Last Listing description (May 2023)

Ray White Commercial Bayside is pleased to present to the market exclusively For Lease, Shop 2/401 Main Road, Wellington Point.

This well-positioned shop has excellent signage and exposure to busy Main Road, and is suitable for a number of uses.


Features include:
- 77sqm* ground floor shop/office
- Glass shopfront and entrance, 2 x open-plan work areas and shared amenities at rear
- Excellent natural lighting
- Ducted air-conditioning
- Front car park plus additional street parking
- Signage to Main Road
- Phone and data cabling throughout

Nett Rental - $2,600^ PCM


*Approximately
^All rentals quoted are exclusive of outgoings (approx $586 per month) and GST

Property History for 2/401-409 Main Rd, Wellington Point, QLD 4160

A timeline of how this property has performed in the market
Last Sold
$4,850,000
04 Apr 2024
Listed for Rent
$598/w
11 May 2023
  • 04 Apr 2024
    Sold for $4,850,000
  • 11 May 2023
    Listed for Rent $31,200 / year
  • 26 Jul 2022
    Listed for Rent $31,200 / year
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About Wellington Point 4160

The size of Wellington Point is approximately 9.7 square kilometres. It has 48 parks covering nearly 34.3% of total area. The population of Wellington Point in 2011 was 11,787 people. By 2016 the population was 12,332 showing a population growth of 4.6% in the area during that time. The predominant age group in Wellington Point is 50-59 years. Households in Wellington Point are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wellington Point work in a professional occupation. In 2011, 77.1% of the homes in Wellington Point were owner-occupied compared with 76.3% in 2016.

Wellington Point has 5,345 properties. Over the last 5 years, Houses in Wellington Point have seen a 81.91% increase in median value, while Units have seen a 75.08% increase. As at 30 September 2024:

  • The median value for Houses in Wellington Point is $1,177,035 while the median value for Units is $694,024.
  • Houses have a median rent of $770 while Units have a median rent of $550.
There are currently 36 properties listed for sale, and 10 properties listed for rent in Wellington point on OnTheHouse. According to CoreLogic's data, 253 properties were sold in the past 12 months in Wellington point.

Suburb Insights for Wellington Point 4160

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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.