SOLD
Sold on 08 Aug 2024 for $12,050,000

201 Logan Road
Woolloongabba QLD 4102

Bedrooms: -
Bathrooms: -
Car spaces: 2
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Property Details for 201 Logan Rd, Woolloongabba

Building Type
Commercial
Local Government
Brisbane
Lot/Plan
1/RP197616

Last Listing description (April 2021)

Trophy Inner City Investment Global Tenant with Revenue of $822M

Cushman & Wakefield is pleased to present a rare opportunity to acquire a premium inner city investment leased to a global tenant and located only 2.6 kms from the CBD.

The offering has the following key investment attributes:
15 year net lease to 2034 + options to 2049

Busy Bees Blue chip global early education provider across 635+ locations and boasting 2018 revenues of $822M
Undeniable future development upside current zoning allows for up to 15 storeys of development
Prime position along major arterial Logan Rd - over 21,000* passing cars daily and 70m of continuous dual street frontage
Situated within one of Brisbanes largest urban renewal precincts with recent private and public sector investment totalling over $7 Billion
State of the art 950 sqm* multi-level facility incorporating a one-of-a-kind rooftop outdoor play area
Newly built Centre offering significant tax depreciation benefits
Highly sought after lease structure - tenant responsible for all usual outgoings including Land Tax and Management Fees
Fixed 3% annual rent increases
Net Income $725,300 pa + GST

For further information on the property please contact the exclusive Cushman & Wakefield agents.

Property History for 201 Logan Rd, Woolloongabba, QLD 4102

A timeline of how this property has performed in the market
Last Sold
$12,050,000
08 Aug 2024
  • 01 Mar 2021
    Sold - Price Undisclosed
  • 30 Oct 2019
    Listed for Sale Contact Agent
  • 15 Oct 2019
    Listed for Rent - Price not available
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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.
There are currently 13 properties listed for sale, and 22 properties listed for rent in Woolloongabba on OnTheHouse. According to CoreLogic's data, 277 properties were sold in the past 12 months in Woolloongabba.

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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.