1 Forest Avenue, Kirwan, QLD 4817

Investment | Retail | Offices

Sold

  • Property ID: 247645
  • Floor Area: 538m²
  • Land Area: 716m²
  • NBN Availability: Service Available - Fibre to the premises (FTTP)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 30/03/2017 538m2 716m2 Contact Agent
Multi Tenanted Convenience Centre - For Sale

Positioned on a prominent corner location, this multi tenanted investment offers a good quality tenant mixture and strong returns. The centre is well located amongst a large residential catchment area and easy access off both Ross River Road and Forest Avenue. With ample on site parking and rear access to all tenancies this property is surely a recipe for success.

Building Area: 538m2 plus attached first floor residential unit.
Land Area: 716m2
Zoned: Centre Convenience
Currently returning $110,521.92 pa gross plus GST
Outgoings: $27,518 pa approx (Rates, Insurance and Body Corp)
Rental upside on 1x retail vacancy and 1st floor residential unit.
6 month rental guarantee on current retail tenancy ($25,000 pa plus GST) if applicable
Net rental: $108,003 pa approx (incl rental guarantee)

Sale: $1,030,000.

To express interest or request more information, please contact Ray White Commercial.

Additional Information
Features
  • Zoning: Centre Convenience
Kirwan Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $2515 $144 5.75%
Retail $2894 $274 9.47%
Offices $2964 $273 9.21%
This is the average advertised price, rent and yield for Kirwan, QLD 4817*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in QLD for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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