12 Grice AvenueParadise Point QLD 4216
Property Details for 12 Grice Ave, Paradise Point
Last Listing description (November 2007)
GOLD COAST - FREEHOLD RESTAURANT + ACCOMODATION - RARELY AVAILABLE - EXPECT FURTHER GROWTH!!
Purpose built 2-level Freestanding Restaurant with 3 bedroom Unit above (2 Balconies & 2 Bathrooms). In the heart of Gold Coast's up and coming hot spot dining precincts. Current owner retiring but may lease back for up to 12 months at $120,000 p.a. + GST. Sold as a Going Concern with Leasehold Business.
Building & Site Area:
Ground Floor: 213m2 (75- 80 Seat Restaurant - BYO with potential to Licence).
First Floor: 99.8m2 (3 Bedroom Apartment with huge front & back Balconies - Separate street entrance to Unit).
Landscaping 50.5 m2 (Well established garden).
Road/Carpark 214.5 m2 (Parking for 6 Cars including disable parking).
Excellent P&E including Walk in Cold Room & Freezer, Fully Air-conditioned, Security Cameras, Male, Female & Disable Toilets, Separate Office, Store Room.
Current owner states turn-over of approximately $14,000 p.w.
Property History for 12 Grice Ave, Paradise Point, QLD 4216
- 01 Jun 2015Sold for $1,950,000
- 22 Jan 2013Listed for Rent - Price not available
- 25 Jul 2012Listed for Rent - Price not available
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About Paradise Point 4216
The size of Paradise Point is approximately 4.1 square kilometres. It has 9 parks covering nearly 10.8% of total area. The population of Paradise Point in 2016 was 6536 people. By 2021 the population was 7062 showing a population growth of 8.0% in the area during that time. The predominant age group in Paradise Point is 60-69 years. Households in Paradise Point are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Paradise Point work in a professional occupation.In 2021, 72.00% of the homes in Paradise Point were owner-occupied compared with 65.70% in 2016.
Paradise Point has 4,419 properties. Over the last 5 years, Houses in Paradise Point have seen a 87.05% increase in median value, while Units have seen a 81.75% increase. As at 31 March 2026:
- The median value for Houses in Paradise Point is $2,265,743 while the median value for Units is $1,376,012.
- Houses have a median rent of $1,150 while Units have a median rent of $713.
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