1/124-128 Pappas WayCarrara QLD 4211
Property Details for 1/124-128 Pappas Way, Carrara
Last Listing description (February 2016)
Tenanted shops in established neighbourhood centre Leased until June 2019 with 5-year option for this long term tenant Approximately 126m2 combined tenancies operating as a Thai Restaurant Busy centre and tightly held property under current ownership since July 1995 An excellent commercial opportunity for the entry-level or experienced investor Contact exclusive agent for further information
Net income for the 2014/2015 FY = $30,500 ASKING PRICE $430,000.
Property History for 1/124-128 Pappas Way, Carrara, QLD 4211
- 16 Nov 2023Sold for $869,000
- 21 Jan 2017Sold for $415,000
- 09 Jul 2015Listed for Sale $415,000 Exc GST
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About Carrara 4211
The size of Carrara is approximately 13.8 square kilometres. It has 19 parks covering nearly 26.3% of total area. The population of Carrara in 2016 was 12060 people. By 2021 the population was 13138 showing a population growth of 8.9% in the area during that time. The predominant age group in Carrara is 40-49 years. Households in Carrara are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carrara work in a professional occupation.In 2021, 70.20% of the homes in Carrara were owner-occupied compared with 67.60% in 2016.
Carrara has 6,331 properties. Over the last 5 years, Houses in Carrara have seen a 86.26% increase in median value, while Units have seen a 91.28% increase. As at 30 April 2026:
- The median value for Houses in Carrara is $1,417,613 while the median value for Units is $1,000,719.
- Houses have a median rent of $985 while Units have a median rent of $798.
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