Rare Freehold leased investment Property with Huge Development Potential
55 Mudgeeraba Road, Worongary QLD 4213
Please Contact Agent
Commercial LandSize: n/a
Block size: 5140 m² approx.
Main Road Swimschool site with solid income & plenty of upside
This is a very unique and financially viable opportunity for any buyer looking for a passive investment with upside for potential additional development.
Located on a sloping 5140 sqm block, zoned Rural residential with a Land Use of Sports clubs / Facilities, this elevated block comprises:
Existing indoor in ground swimming facility with established tenant in place.510 sqm* Besser block style construction building, comprising a 20 metre, 5 lane, in ground heated commercial swimming pool, including reception area, guest waiting area, male & female change rooms & plant / equipment room.
5-year lease to a swimming school, commenced October 2019. 5 + 5 + 10 year options Rent as of 1st October 2022 is $89696.4 Plus GST, Plus Outgoings.
2 x Car parking areas with approx.' 38 car parking spaces in total.
There is also scope for various other commercial / residential development subject to council approval with additional vacant land of 2480 sqm* for potential future development.
For details, Please contact Robert on 0401023501
This is a very unique and financially viable opportunity for any buyer looking for a passive investment with upside for potential additional development.
Located on a sloping 5140 sqm block, zoned Rural residential with a Land Use of Sports clubs / Facilities, this elevated block comprises:
Existing indoor in ground swimming facility with established tenant in place.510 sqm* Besser block style construction building, comprising a 20 metre, 5 lane, in ground heated commercial swimming pool, including reception area, guest waiting area, male & female change rooms & plant / equipment room.
5-year lease to a swimming school, commenced October 2019. 5 + 5 + 10 year options Rent as of 1st October 2022 is $89696.4 Plus GST, Plus Outgoings.
2 x Car parking areas with approx.' 38 car parking spaces in total.
There is also scope for various other commercial / residential development subject to council approval with additional vacant land of 2480 sqm* for potential future development.
For details, Please contact Robert on 0401023501
Inspections
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Key details
Garage Spaces:
38
Property type:
Commercial Land
Block Size:
5140 m²*
Other Details
Lot:
32
Plan Type:
RP
Plan:
21848
Legal description:
32/RP21848
Maps and area information
Block information
Block size: 5140m² (approx)
Legal description: 32/RP21848
Measurements are estimates only and based on data provided under licence from
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Property history
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SummaryMedian sales
Average Age
42 years
Population
6,021
Listing ID: 181899691. This listing has been viewed 2 times. It was first displayed on 04/09/2023 and last updated on 05/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.