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Retail

48 Cavendish Road Coorparoo, QLD 4151

Sold on 27 Jun 2023
  • Building: 1,083m²
  • Land: 1,619m²
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Retail in Coorparoo

Sold at Auction

  • Building: 1,083m²
  • Land: 1,619m²
Additional Information:
More Info

Stephen & Elliot Kidd of Ray White Commercial (Qld) are proud to be appointed to sell 48 Cavendish Road, Coorparoo.

The property is leased to: Link Vision and Auto Keepers who each occupy roughly 50% of the building.

The property has the following positive investment attributes:

  • Long term tenants providing income security and stability
  • Low current rental rates which effectively reduce the current property value and provide for substantial future income & capital gain.
  • Rapidly growing trade area population nearly 60% faster than QLD average
  • Exposure to over 200,000 vehicles weekly
  • Prime Corner retail location just 8.5 minutes drive from Brisbane CBD
  • New Roof just installed (May 2023) along with tilt slab construction imply minimal long-term maintenance
  • Substantial block of land close to amenity for future mixed-use high-rise development - STCA
  • Motivated Seller due to family circumstances.

Method of Sale: Public Auction to take place on 22nd June 2023.

Location of Auction: Level 26, 111 Eagle Street Brisbane CBD

Bidding Options: In room, online or over the phone. Please ensure you are registered before the auction day.

A detailed Due Diligence Package is available upon request.

We look forward to speaking with you soon.

Stephen and Elliot

Building:

1,083m²

Land:

1,619m² / 0.4 acres

Zone:

General Industry B

Tenancy:

Tenanted

Categories:

Retail, Industrial/Warehouse, Showrooms/Bulky Goods

Additional Information:
More Info
Share:

Investment Information

Tenancy Status:

Fully Tenanted

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

48 Cavendish Road, Coorparoo, QLD 4151