5/128 Lae DriveRunaway Bay QLD 4216
Property Details for 5/128 Lae Dr, Runaway Bay
Last Listing description (June 2024)
Oxley Circle shopping centre is the food central location on Runaway Bay's highest traffic Oxley Dr- Lae Dr roundabout - over 15,000 cars per day everyday.
Positioned in the middle of the Oxley Circle Centre that includes;
BWS bottle shop,
Dine in Italian, Thai, and Chinese restaurants,
Bakery,
Dentist,
Hairdresser, Barber and Beauty shop.
Directly opposite includes;
New Pizza Hut outlet,
South Coast Radiology Centre and on the opposite side of the roundabout
Shell/Coles express service station and Subway outlet,
Ampol service station with Zarraffa's Drive through Coffee.
The concentration of major anchor tenants in this position confirms the confidence in customer traffic. Surrounded by strong high standard residential areas your customer base is secure all year round.
A recently constructed well designed purpose built outdoor exclusive use covered alfresco dining area with all-weather enclosure provides an ideal dining atmosphere. Lettable Shop floor area - 71m2, additional outdoor enclosed Alfresco exclusive use area - 30m2. Includes quality ovens, freezers, display counter, 2 x kebab standing grillers, rangehood, 4 x ceiling hung TV menu display screens and a fully operational large Cool Room. All this enables immediate opening for business trade.
Leasing for $3,500 per mth + Outgoings + Gst or strata title freehold purchase for $620,000
Call Stephanie on 0452 184966 or Mike on 0404 498968 for inspection.
Property History for 5/128 Lae Dr, Runaway Bay, QLD 4216
- 20 May 2024Listed for Sale Runaway Bay Food Retail $620,000
- 04 Apr 2024Sold for $682,000
- 28 Apr 2023Listed for Sale Price On Application
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About Runaway Bay 4216
The size of Runaway Bay is approximately 5.3 square kilometres. It has 12 parks covering nearly 26.4% of total area. The population of Runaway Bay in 2016 was 9068 people. By 2021 the population was 9308 showing a population growth of 2.6% in the area during that time. The predominant age group in Runaway Bay is 70-79 years. Households in Runaway Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Runaway Bay work in a professional occupation.In 2021, 70.70% of the homes in Runaway Bay were owner-occupied compared with 66.50% in 2016.
Runaway Bay has 5,329 properties. Over the last 5 years, Houses in Runaway Bay have seen a 74.33% increase in median value, while Units have seen a 102.00% increase. As at 31 January 2026:
- The median value for Houses in Runaway Bay is $1,892,248 while the median value for Units is $1,091,018.
- Houses have a median rent of $935 while Units have a median rent of $750.
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