2/124-128 Pappas WayCarrara QLD 4211
Property Details for 2/124-128 Pappas Way, Carrara
Last Listing description (July 2017)
A GREAT RETURN of $630 net per week (approx 7.5% return), this property presents a wonderful opportunity to invest in a positively geared property.
There is a strong lease in place, and a happy tenant currently trading as a Thai restaurant. The property is in a popular built up area with a combination of business s as well as residential.
The previous tenant was there for fifteen years. this one is a great opportunity for great returns and although it is two shops it is currently run as one restaurant with outdoor seating in a corner position.
Shop 2 is 44 sqm
Strong lease in place till 30/06/2019 with a five year option
A net return of just over $32,0000
With a CPI rent increase on the first of January every year
Current owner retired
This property is very reasonably priced and the returns certainly beats leaving your money in the bank.
Call Max Gordon on 0403 045 545 for further details or an inspection is by appointment only.
Property History for 2/124-128 Pappas Way, Carrara, QLD 4211
- 16 Nov 2023Sold for $869,000
- 21 Jan 2017Sold for $415,000
- 03 Jan 2017Listed for Sale $439,000
Recent sales nearby
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0About 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 6,322 properties. Over the last 5 years, Houses in Carrara have seen a 87.52% increase in median value, while Units have seen a 97.40% increase. As at 31 March 2026:
- The median value for Houses in Carrara is $1,374,740 while the median value for Units is $992,750.
- Houses have a median rent of $978 while Units have a median rent of $780.
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