8/240 Varsity Parade, Varsity Lakes, QLD 4227 sold on 23 September 2025 | OnTheHouse
SOLD
Sold on 23 Sep 2025 for $870,000

8/240 Varsity Parade
Varsity Lakes QLD 4227

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 92m2
Sold By
agent headshot
Jared Johnson
Coastal Property Agents Commercial
agent headshot
Taylor Jones
Coastal Property Agents Commercial
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Property Details for 8/240 Varsity Pde, Varsity Lakes

Building Type
Commercial
Land Size
92m2
Local Government
Gold Coast City
Lot/Plan
8/SP170573

Last Listing description (January 2026)

Clark Commercial proudly presents Shop 8/240 Varsity Parade, Varsity Lakes QLD 4227 - an exceptional commercial property in the bustling business and lifestyle precinct of Varsity Lakes.

Key Features:
92m2 Tenanted by the popular cafe 'Blackboard Varsity'

Long-term lease: 3.49 years remaining with a 7 x 7 year option
Current net income of $47,140 p.a with CPI annual increases
Spectacular views of Lake Orr, only 700m from Bond University
Prominent location with significant street frontage
Central to Varsity Lakes' business and lifestyle amenities

This remarkable investment opportunity will be available for sale through a Public Auction on Wednesday, 21st June at 11am (in-rooms) at Hotel CBD, 15/21 Lake Street, Varsity Lakes QLD 4227. For more details, contact exclusive listing agent Steve Clark on 0400 338 434.

Don't miss your chance to secure a premium commercial property with a thriving tenant and excellent income potential. Act now and capitalize on this prime location in Varsity Lakes' vibrant business hub.

Property History for 8/240 Varsity Pde, Varsity Lakes, QLD 4227

A timeline of how this property has performed in the market
Last Sold
$870,000
23 Sep 2025
  • 23 Sep 2025
    Sold for $870,000
  • 04 Aug 2025
    Listed for Sale AUCTION (in-room) Contact Agent
  • 21 Aug 2024
    Listed for Sale AUCTION (in-room) Contact Agent
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About Varsity Lakes 4227

The size of Varsity Lakes is approximately 5.9 square kilometres. It has 23 parks covering nearly 10.6% of total area. The population of Varsity Lakes in 2016 was 15026 people. By 2021 the population was 16493 showing a population growth of 9.8% in the area during that time. The predominant age group in Varsity Lakes is 30-39 years. Households in Varsity Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Varsity Lakes work in a professional occupation.In 2021, 54.40% of the homes in Varsity Lakes were owner-occupied compared with 51.30% in 2016.

Varsity Lakes has 8,109 properties. Over the last 5 years, Houses in Varsity Lakes have seen a 98.15% increase in median value, while Units have seen a 98.82% increase. As at 31 December 2025:

  • The median value for Houses in Varsity Lakes is $1,353,363 while the median value for Units is $910,743.
  • Houses have a median rent of $870 while Units have a median rent of $800.
There are currently 30 properties listed for sale, and 27 properties listed for rent in Varsity lakes on OnTheHouse. According to Cotality's data, 392 properties were sold in the past 12 months in Varsity lakes.

Suburb Insights for Varsity Lakes 4227

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.