190 Logan RoadWoolloongabba QLD 4102
Property Details for 190 Logan Rd, Woolloongabba
Last Listing description (January 2024)
Development site with Holding Income!
As Exclusive Agents King & Co Property Consultants are pleased to offer for sale via Expressions of Interest 190 Logan Road, Woolloongabba. This outstanding property provides solid holding income with development upside.
- Prime city fringe corner site
- 658sqm building on a 1,533sqm land
- Fabulous land bank opportunity
Located on this prime corner site in the emerging city fringe suburb of Woolloongabba within easy walking distance to the proposed 'Gabba' Olympic Stadium is this future development site with holding income. Land size of 1,533sqm zoned HDR2 High density residential (Up to 15 storeys) under the Woolloongabba centre neighbourhood plan this allows for a 6 storey development. 190 Logan Road has a lease to GPC Asia Pacific (Repco) until 25 August 2027 with no further options. The office/showroom/warehouse of 658sqm on 1,533sqm land has a current net rental $ 254,016 p.a (excluding Land Tax). Its prime corner position is ideal for redevelopment in this thriving city fringe location.
Don't miss this opportunity to secure this prime development site with zoning for HDR2 High density residential (Up to 15 storeys) - 6 storeys permissible. They're not making any more and this 1,533sqm corner site is ripe for the picking. Additionally, it provides excellent existing income.
This property is for sale via Expressions of Interest.
For further details, please contact our exclusive agent Robert Finlay.
Ref: 48370
Property History for 190 Logan Rd, Woolloongabba, QLD 4102
- 18 Oct 2023Listed for Sale Expressions of Interest
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About Woolloongabba 4102
The size of Woolloongabba is approximately 2.5 square kilometres. It has 10 parks covering nearly 2.5% of total area. The population of Woolloongabba in 2011 was 4,788 people. By 2016 the population was 5,640 showing a population growth of 17.8% in the area during that time. The predominant age group in Woolloongabba is 20-29 years. Households in Woolloongabba are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Woolloongabba work in a professional occupation. In 2011, 37.9% of the homes in Woolloongabba were owner-occupied compared with 31.7% in 2016.
Woolloongabba has 5,502 properties. Over the last 5 years, Houses in Woolloongabba have seen a 41.09% increase in median value, while Units have seen a 73.07% increase. As at 30 November 2024:
- The median value for Houses in Woolloongabba is $1,145,811 while the median value for Units is $696,807.
- Houses have a median rent of $680 while Units have a median rent of $650.
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