3/124-128 Pappas WayCarrara QLD 4211
Property Details for 3/124-128 Pappas Way, Carrara
Last Listing description (March 2020)
Situated on the main thoroughfare of Carrara, exposed to a high level of local traffic, this property is ideal for SMSF investors, astute investors and first-time investors!
Located in a retail strip of 6 shops, the complex provides easy access for customers and great exposure for the businesses.
The property comprises:
- Tenanted by a Japanese Restaurant
- Fitted with a modern fit-out
The investment opportunity provides:
- Net Income: $14,420 + GST
- Tenant pays 100% outgoings
- 3-year lease expiring July 2021
- Options for the tenant to renew
The property is for sale at $235,000 which represents a 6.1% net return.
Please contact the exclusive marketing agent, Adam Grbcic, for more information on this opportunity.
Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Bocha Sales Pty Ltd ATF the Bocha Trust t/as Ray White Broadbeach trading toward the recipient with regard to the use of this information and all information given is given without responsibility.
Property History for 3/124-128 Pappas Way, Carrara, QLD 4211
- 26 Feb 2020Sold for $211,000
- 03 Feb 2020Listed for Sale $235,000
- 23 May 2018Listed for Rent $180,000 / year
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 6,311 properties. Over the last 5 years, Houses in Carrara have seen a 92.76% increase in median value, while Units have seen a 94.07% increase. As at 30 November 2025:
- The median value for Houses in Carrara is $1,279,592 while the median value for Units is $929,155.
- Houses have a median rent of $900 while Units have a median rent of $775.
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