89 Ashmore RoadBundall QLD 4217
Property Details for 89 Ashmore Rd, Bundall
Last Listing description (March 2021)
REAL Specialists Commercial are pleased to offer for sale 89 Ashmore Road, Bundall for $3,200,000 (as a going concern).
A freehold investment opportunity, located on Ashmore Road and zoned mixed use, this property offers long term security for the astute investor.
Ideally positioned in Gold Coast's primary showroom precinct, the property boasts excellent exposure to heavy traffic flows and commercial hubs thanks to the precinct being home to a number of major retailers such as Harvey Norman, Domayne, Adairs, Petbarn and numerous more. As a result, this property is ideally located close to numerous high engagement traffic zones as customers flow throughout the precinct's retailers.
The property is currently leased to Carpet Court on a 5 year lease + 5 year option at a net annual rental of $198,512.21^.
Property Information:
- Land area: 1,518m2*
- Building area: 560m2* comprising 428m2* of showroom and 132m2 of warehouse*
- 15 onsite car parks
- Zoned: Mixed use, (Fringe business precinct)
- Freehold investment opportunity
- Existing lease expires November 2024
*approximately
^ November 2020 rent increase taken into consideration.
Highlights:
* Freehold investment opportunity
* Existing lease expires November 2024
* Prime tightly held location
Property History for 89 Ashmore Rd, Bundall, QLD 4217
- 30 Oct 2020Sold for $3,190,000
- 25 Sep 2020Listed for Sale $3,200,000
- 30 Jan 2017Listed for Rent - Price not available
Recent sales nearby
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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 2,613 properties. Over the last 5 years, Houses in Bundall have seen a 59.51% increase in median value, while Units have seen a 68.86% increase. As at 31 March 2026:
- The median value for Houses in Bundall is $2,243,462 while the median value for Units is $802,791.
- Houses have a median rent of $1,400 while Units have a median rent of $735.
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