7/38 Thomas DriveSurfers Paradise QLD 4217
Property Details for 7/38 Thomas Dr, Surfers Paradise
Last Listing description (August 2023)
Colliers are pleased to present Shop 7, tenanted by Happy Dragon Massage & Spa to the market for sale - Seeking offers above $450,000.
Shop 7/38 Thomas Drive, Surfers Paradise presents an opportunity to purchase a single-tenant Strata Investment located within the Chevron Island retail precinct.
The investment is 100% occupied by Happy Dragon Massage & Spa which consumes 82m of net lettable area on a circa 825m strata site, comprising of 13 individual lots.
The investment generates an annual net income of approximately $27,418 net p.a and is secured by a WALE of 0.4 years by way of income (lease expiry on 31/08/2023 followed by a 2 year option).
For more information, please contact the exclusive listing agent Bede Blatchford on 0408 650 892.
Property History for 7/38 Thomas Dr, Surfers Paradise, QLD 4217
- 15 Jun 2023Sold for $460,000
- 02 Mar 2023Listed for Sale Seeking offers above $450,000
- 25 Feb 2015Sold for $365,000
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0About Surfers Paradise 4217
The size of Surfers Paradise is approximately 6.3 square kilometres. There are 20 parks, covering nearly 7.3% of the total area. The population of Surfers Paradise in 2016 was 23689 people. By 2021 the population was 26412 showing a population growth of 11.5% in the area during that time. The predominant age group in Surfers Paradise is 20-29 years. Households in Surfers Paradise are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Surfers Paradise work in a professional occupation.In 2021, 45.00% of the homes in Surfers Paradise were owner-occupied compared with 39.90% in 2016.
Surfers Paradise has 25,430 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 37.67% increase in median value, while Units have seen a 96.87% increase. As at 31 May 2026:
- The median value for Houses in Surfers Paradise is $2,489,466 while the median value for Units is $884,448.
- Houses have a median rent of $1,400 while Units have a median rent of $750.
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