3/18-20 Prospect Place, Berrinba, QLD 4117 | Property Value & History | OnTheHouse
 
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3/18-20 Prospect Place
Berrinba QLD 4117

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 319m2
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Property Details for 3/18-20 Prospect Pl, Berrinba

Building Type
Commercial
Year Built
2010
Land Size
319m2
Local Government
Logan City
Lot/Plan
3/SP219740

Last Listing description (March 2018)

The quality of this property and its size is very rare and unique in this booming commercial corridor.
Berrinba is fast becoming a very attractive commercial area for businesses of all sizes. Due to its strategic location and close proximity to all major arterials, Berrinba has established itself as a central business hub to the Brisbane, Logan, Gold Coast and Ipswich areas.
This unit is only 2 mins from the Logan Motorway and Wembley Road interchange which is scheduled to benefit from a major road upgrade improving access to all areas of Brisbane. The Port of Brisbane is only 30min drive, Airport 35min and CBD 25min. See attached document.

Surrounding business include Toll / NQX, Stoddart Manufacturing and Atco Structures & Logistics.
With a long term quality tenant in place on a 5+5 year lease agreement, this commercial property is an ideal investment. Currently returning 6.3% $46,044 plus GST and Outgoings with a CPI or minimum 3.0% increase May 2018 to $47,425 @ 6.5% return. There is a 5 year option starting May 2019 with lease rates being reviewed to market. Property will be sold as a 'Going Concern' and is not subject to GST.
Property Attributes:
* 201m2 (approx) office/boardroom on two levels and remaining 200m2 (approx) of warehouse all council approved
* Located in Berrinba commercial precinct
* Security alarm in place plus remote security gate
* 4 allocated car parks complimented by additional common area car parking
* Outgoings limited to body corporate and council rates
* Fantastic truck access
* Air conditioned offices and showroom over two levels
* Excellent internal height
* Office has suspended ceiling
* 3 phase power
* Own internal amenities including 2 bathrooms
* Phone and data cabling

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Property History for 3/18-20 Prospect Pl, Berrinba, QLD 4117

A timeline of how this property has performed in the market
Last Sold
$665,000
20 Nov 2017
Listed for Rent
$852/w
15 Mar 2014
  • 20 Nov 2017
    Sold for $665,000
  • 20 Jul 2017
    Listed for Sale $725,000 Negotiable
  • 24 Aug 2014
    Listed for Sale $44,440 PA + GST + OGS / $649,000
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About Berrinba 4117

The size of Berrinba is approximately 5.9 square kilometres. The population of Berrinba in 2016 was 1345 people. By 2021 the population was 2615 showing a population growth of 94.4% in the area during that time. The predominant age group in Berrinba is 0-9 years. Households in Berrinba are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Berrinba work in a community and personal service occupation.In 2021, 51.00% of the homes in Berrinba were owner-occupied compared with 62.50% in 2016.

Berrinba has 960 properties. Over the last 5 years, Houses in Berrinba have seen a 107.50% increase in median value, while Units have seen a 145.76% increase. As at 30 November 2025:

  • The median value for Houses in Berrinba is $875,416 while the median value for Units is $711,161.
  • Houses have a median rent of $630 while Units have a median rent of $340.
There are currently 9 properties listed for sale, and 4 properties listed for rent in Berrinba on OnTheHouse. According to Cotality's data, 60 properties were sold in the past 12 months in Berrinba.

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