24 Ereton DriveArundel QLD 4214
Property Details for 24 Ereton Dr, Arundel
Last Listing description (March 2011)
Premium Gold Coast Commercial Property
This is a unique industrial building, in one of the Gold Coast s best industrial estates. Located near the Harbourtown Shopping Centre in the Gibbs Industrial Estate - this immaculately presented property is almost unmatched.
The land area covers 1500 square metres. The building includes approximately 750 square metres, and although it was built by the owner in 1993 - it is in brand new ? condition. The facilities include toilets, office areas, reception, large parking areas, wash bay, fuel storage bund, high roof & doors and a mezzanine. The lot is fully secured by a perimeter fencing and also features quality landscaping.
Over the past twenty years property values in this estate have escalated at a remarkable rate, and with little similar industrial property available nearby, this is a rare property investment opportunity.
A similar residential investment would return around $75,000 per annum, and would not have the annual increases, tenant contributions, depreciation and capital growth that this property can provide and this property provides $33,000 more per annum, and annual rental increases tied to the CPI.
The property can continue to be let to a single tenant, or divided into three separate units so there is flexibility available too.
Yield at 8.64%
Priced at $1,250,000 this high quality investment property is great value.
Call to inspect. Mark Petersen 0417 787 566 or Bruce Coudrey 0411 226 888
Head Office: 1300366521
www.benchmarkbusiness.net
Property History for 24 Ereton Dr, Arundel, QLD 4214
- 29 May 2020Sold for $1,239,000
- 01 Mar 2019Sold for $1,265,000
- 25 Nov 2014Listed for Rent - Price not available
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About Arundel 4214
The size of Arundel is approximately 10.3 square kilometres. It has 22 parks covering nearly 29.9% of total area. The population of Arundel in 2016 was 10246 people. By 2021 the population was 11171 showing a population growth of 9.0% in the area during that time. The predominant age group in Arundel is 50-59 years. Households in Arundel are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Arundel work in a professional occupation.In 2021, 69.80% of the homes in Arundel were owner-occupied compared with 65.90% in 2016.
Arundel has 5,316 properties. Over the last 5 years, Houses in Arundel have seen a 96.71% increase in median value, while Units have seen a 151.91% increase. As at 31 December 2025:
- The median value for Houses in Arundel is $1,313,284 while the median value for Units is $844,984.
- Houses have a median rent of $875 while Units have a median rent of $760.
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