Brandon Johnson from Coastal Commercial is excited to offer the astute investor or developer the chance to purchase this freehold retail asset with both rental and Development upside. The property is located directly opposite Wulguru State School and has current DA approval for a Child Care Centre.
The sellers are extremely motivated and will entertain all cash unconditional offers prior to Auction. If not sold prior, the property will be sold via Public Auction 11:00am on Wednesday the 24th of July at Coastal Commercial office. Level 1/16 Queensland Avenue, Broadbeach.
Key Features:
* Disclaimer: This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracy or misstatements that may occur. Prospective purchases should make their own enquiries to verify the information contained herein.
The size of Wulguru is approximately 2.9 square kilometres. It has 7 parks covering nearly 5.4% of total area. The population of Wulguru in 2011 was 4,818 people. By 2016 the population was 4,564 showing a population decline of 5.3% in the area during that time. The predominant age group in Wulguru is 50-59 years. Households in Wulguru are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wulguru work in a trades occupation. In 2011, 67.8% of the homes in Wulguru were owner-occupied compared with 66.2% in 2016.
Wulguru has 1,956 properties. Over the last 5 years, Houses in Wulguru have seen a 97.43% increase in median value, while Units have seen a 21.98% increase. As at 30 September 2024:
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