4 Panitz StreetBundall QLD 4217
Property Details for 4 Panitz St, Bundall
Last Listing description (June 2025)
We are proud to present for sale Riviera Plaza - a newly renovated and fully leased trophy asset in one of the Gold Coast's most prestigious suburbs.
|What|
• Underpinned by 14m* development upside allowing multi-storey mixed use development.
• Supported by a complementary tenancy mix including The Pastry Emporium, Bar Leo and Allied Health tenants
• Modern 622sqm building together with a freestanding 17sqm* dog wash
• Strong 6.46 Year WALE (By Income)
• Fully Leased Net Income of $398,635 + GST p.a.
|Where|
• Irreplaceable 2,258sqm* Neighbourhood Centre zoned island site with three-street frontage in the heart of Sorrento
• Just 3km* from Surfers Paradise and Broadbeach, providing outstanding connectivity to some of the Gold Coast's major hubs
• Sorrento is one of the Gold Coast's most prized and affluent suburbs, with a per capita income 42% greater than the Queensland benchmark.
|Why|
• Long term underlying value with the development potential for residential and medical on top of the ground floor retail offering in a highly sought after residential precinct
• Future income growth potential with Gemelli's & Bar Leo paying 8% turnover rent, potential development of an additional tenancy, and rental reversions
• All tenants on fixed 3% & 4% rental increases, enabling passive income growth
• The 2022 renovation provides strong depreciation benefits and a low maintenance asset for the incoming purchaser
• Proven tenancy mix with long standing tenants at Riviera Plaza, and underpinned by one of South-East Queensland's most popular restaurant groups, with 5 locations
• Providing absolute convenience with on-site parking together with substantial street parking.
Property History for 4 Panitz St, Bundall, QLD 4217
- 01 Jul 2025Sold for $8,525,000
- 09 May 2025Listed for Sale Price on Application
- 20 Jun 2023Listed for Sale Offers to Purchase
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About Bundall 4217
The size of Bundall is approximately 3.9 square kilometres. It has 9 parks covering nearly 11.6% of total area. The population of Bundall in 2016 was 4523 people. By 2021 the population was 4895 showing a population growth of 8.2% in the area during that time. The predominant age group in Bundall is 50-59 years. Households in Bundall are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Bundall work in a professional occupation.In 2021, 71.40% of the homes in Bundall were owner-occupied compared with 72.00% in 2016.
Bundall has 2,588 properties. Over the last 5 years, Houses in Bundall have seen a 85.14% increase in median value, while Units have seen a 91.38% increase. As at 31 January 2026:
- The median value for Houses in Bundall is $2,210,785 while the median value for Units is $791,465.
- Houses have a median rent of $1,325 while Units have a median rent of $750.
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