69 Station RoadWoodridge QLD 4114
Property Details for 69 Station Rd, Woodridge
Last Listing description (December 2023)
VENDOR READY TO MEET THE MARKET
AGENT TO SUBMIT ALL OFFERS
This is an ideal DA Approved development site for a hotelier or savvy investor that stacks up.
Located just 1 minute walk from Woodridge Station, Associated Realtors has pleasure in offering for sale by private treaty a double block at 2-2A North Road & 69 Station Road, Woodridge. The subject property is being offered to the market as a DA Approved Hotel & Mixed-Use Re-development Site. The project offers a variety of selling and/or leasing options for the developer of this unique development site.
The DA Approval consists of a Hotel with 10 attached Hotel Units on the Third Floor, 20 individual Residential Units on the First and Second Floors, and commercial and restaurant letting spaces. The layout is the same for the 20 Residential Units on the First Floor and the Second Floor.
The DA Approval also includes a Hotel Function Room and Restaurant of 212m and a commercial letting space of 638m spread over the Basement and Ground Floors besides proposed additional areas for a live music venue and street frontage restaurants.
The subject property encompasses approximately 1,998m of land with an existing commercial property comprised of 9 units that are all leased. Net return on the fully let existing property is approximately $52,000 per annum providing an attractive holding income.
Property Code: 65
Property History for 69 Station Rd, Woodridge, QLD 4114
- 24 Dec 2023Listed for Sale LOOKING AT ALL OFFERS
- 16 Jan 2023Transferred for $370,000
- 17 Dec 2019Sold for $315,000
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About Woodridge 4114
The size of Woodridge is approximately 4.7 square kilometres. It has 21 parks covering nearly 8.1% of total area. The population of Woodridge in 2011 was 12,787 people. By 2016 the population was 12,571 showing a population decline of 1.7% in the area during that time. The predominant age group in Woodridge is 0-9 years. Households in Woodridge are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Woodridge work in a labourer occupation. In 2011, 39.6% of the homes in Woodridge were owner-occupied compared with 36.7% in 2016.
Woodridge has 5,446 properties. Over the last 5 years, Houses in Woodridge have seen a 122.79% increase in median value, while Units have seen a 99.05% increase. As at 31 October 2024:
- The median value for Houses in Woodridge is $622,534 while the median value for Units is $393,731.
- Houses have a median rent of $480 while Units have a median rent of $400.
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