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Retail For Sale found in WOOLLOONGABBA, QLD 4102

FREEHOLD INVESTMENT OPPORTUNITY

Investment | Retail

Description:
* Forthcoming auction - offers submitted prior
* 10-year lease to a 30-year established International RTO
* Full building renovation and re-fit by the tenant completed 12-months ago
* Land area is 637m2* and building NLA is 857m2* over 2-levels
* Private parking for 5 vehicles
* Approximately 4.3km* from Brisbane CBD
* Zoning is Brisbane City Plan HDR2 high-density residential (15 storeys)^ ( Approx ^STCA)
Contact Ben Armstrong for further details and/or a full Information Memorandum
Location:
The Riverside Expressway allows easy access from Woolloongabba to Brisbane's CBD, which is only 2 kms away. Ongoing commercial developments reflect demand for the suburb as an easily accessible business environment. Commercial development coupled with the continual demand for residential property suggests that Woolloongabba will continue to prosper in the future. Public transport in the area is excellent with 2 rail stations (Sth Brisbane and Vulture St Stations) and regular bus routes to and from the city.
AUCTION: 25th JUNE 11am LJ HOOKER COMMERCIAL BRISBANE

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Price: Auction Ex GST    Building: 857m²    Land: 637m²

Properties located in the surrounding suburbs

THOROUGHBRED RETAIL OPPORTUNITY

Retail

Colliers International, on behalf of the long term owners, are pleased to present 161 Boundary Street in West End for sale by Public Auction at 9am on Thursday 15 June.
161 Boundary Street offers the opportunity to acquire a rarely traded and fully leased freehold property in the beating heart of the thriving inner-city suburb of West End. This 285msqr rectangular land parcel is improved with a two level commercial building with 10m frontage to the prized traffic on Boundary Street. The property is currently leased to the TAB and the SWOP Clothing Exchange. Imminent lease expiry's will allow the new owner to acquire an income producing asset at settlement with near term scope to reshape it to suit the needs of a new generation of restaurants, bars, retailers and office users.
Located only 1.5 kms from the Brisbane CBD, 161 Boundary Street is strategically positioned within the rapidly redeveloping West End shopping, dining and nightlife strip, one of Brisbane's most popular lifestyle precincts. The property is also nearby to a number of high profile development projects and within 200m of the precinct transforming West Village which is being developed by Sekisui House and has commenced construction.
Notable benefits and features of the property include:
- Total freehold land area 285msqr
- Two-storey 390msqr building
- Holding income from two tenants with near term expiry's
- Opportunity to re-position the property to suit new generation retail/ office businesses
- DC1- District Centre Zone
- Affluent catchment area with day and night trading potential
- Located 200m from the new West Village mixed use project
- One of Brisbane's most tightly held real estate markets
For further information or to inspect the property please contact the exclusive marketing agents.

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Price Contact Agent
Building 390m²
Land 285m²
Occupancy Vacant
Property ID 257055

NOT JUST A FISH 'N' CHIP SHOP

Retail | Development/Land | Offices

On behalf of the Vendor, Colliers International would like to welcome you to 186 Vulture Street, South Brisbane.
Take this chance to own your very own slice of land nestled in the towering unit market and entertainment precinct of South Brisbane. Positioned to take advantage of the influx of convenience style living, this well-appointed corner position will continue grow in demand as the population soars all around.
The Heritage shop front pays homage to an era that once was the high street of Vulture and Cordelia Street which now continues to be the gateway to South Bank and West End, with over 29,000 cars passing daily. Recently a residential 3 bedroom unit has been added to the rear of the property enhancing the potential income but also offering the opportunity of work and live in the same location comfortably.
Located a short walk from Southbank Train Station this well appoint property takes full advantage of it's high profile neighbours such as Tafe Queensland, Brisbane Convention and Exhibition Centre, Southbank Parklands and number of high profile schools including Brisbane State High, a coeducational state school which was recently ranked 3rd in Queensland for 2015.
The retail component of the property is currently leased to Swampdog, a local favorite and previously awarded top 10 Fish and Chips in Southeast Queensland by the Courier Mail. The current lease term will expire at the end of 2017 with a further three year option in favor of the tenant. The current residential unit is not tenanted but a market rental appraisal is available and can be provided. Additionally due to the exposure of the property outdoor billboard advertising would be highly suitable and rental quotes have been provided by leading outdoor advertisers. Williamson Architects have provided a concept plan to demonstrate the potential development upside.
Notable benefits and features include:
- Annual Net Income of $ 89,853.75 ex GST
- Retail lease expiry October 2017 + one three year option
- Retail Net Lettable Area 220msqr
- Immediate upside to improve income
- Residential Rental Appraisal available for three bedroom unit
- Billboard Rental Appraisal available
- Refurbished late 2007
- Total land area 238msqr
- 2 Allocated Car Parks
For further information, to arrange an inspection or to register please contact your exclusive marketing agents Colliers International.

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Price Contact Agent
Building 220m²
Land 238m²
Occupancy Vacant
Property ID 256932

PRIME INNER CITY MEDICAL INVESTMENT

Medical | Retail

Located in the heart of Coorparoo's retail and residential precinct with significant exposure to Old Cleveland Road, this property represents a unique opportunity to secure a well-established Medical Centre Investment.
Coorparoo is a strong and well established suburb of Brisbane situated approximately 4 kilometres south-east of the Brisbane CBD. Known as a thriving inner-city suburb, Coorparoo is currently witnessing major residential and retail rejuvenation.
Property features include;
- Fully leased investment with WALE of 7 years
- Secure leases to high profile brand names Qld X-Ray (part of ASX listed Sonic Healthcare), Terry White Chemmart and QML
- Significant 2,496sqm* land holding fronting Old Cleveland Road
- Prominent retail exposure
- Easy and convenient access with "left hand in and left hand out" homebound access from the CBD
- Significant residential and retail development nearby
- NLA of 1,607sqm*
- Abundant under cover on site parking
- Tenants pay outgoings (excluding land tax)*
- Coorparoo - well established and well regarded residential suburb close to the City and undergoing a major rejuvenation
- Minimum of 3% pa fixed annual rent increases
- Net Income $1,134,156* plus GST
This property is being offered to the market for sale via Expressions of Interest closing Wednesday 17 May 2017 at 5pm.
For more information or to arrange an inspection please contact Exclusive Agents, Cushman and Wakefield.

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Price: Contact Agent    Building: 1607m²    Land: 2496m²    Occupancy: Vacant


MAIN STREET RETAIL - SALE OR LEASE

Retail

- Ground floor retail space with high exposure and signage
- Trade waste, exhaust, air-conditioning, gas connection and 3 phase power
- Glass doors and windows providing ample natural light
- Allocated car park with thirteen (13) visitor parks
- Lease: 63m2, 121m2 or combined 184m2 @ $700/m2 Net + Outgoings + GST
- Sale: 48m2, 60m2, 63m2, 121m2 or combined 292m2 @ $10,000/m2 + GST
- Yields of 7% on tenanted premises
*Approximate areas

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Price/Rent: Lease $700/m2 Net / Sale $480,000 - $1,210,000    Building: 48m² - 292m²    Occupancy: Vacant

OCCUPY AND/OR INVEST

Offices | Retail | Showrooms

* Two level commercial office/showroom/retail strata in West End
* 180m2 vacant space on first floor with two car spaces
* 180m2 ground floor with tenant in place with 1 tandem car park
* Occupy in part and continue with investment below
* Restructure entire property and have up to 360m2 to occupy
* Local area experiencing growth phase with residential gentrification
Situated in a leafy position in Musgrave Street West End this affordable tenancy is surrounded by a hub of successful business and new residential towers. The area has gone through a massive growth stage over the past 3 years with an influx of capital and development in the area. The property is split into two tenancies, each with individual access and own amenities. The first floor is vacant, fit out and ready to be occupied as is, or turned into a trendy new commercial tenancy like some of its neighbours. The tenant on the ground floor has been trading successfully, they have a 3yr option as at January 2018. They are paying $33,800 gross + GST pa.
The last two properties sold in the complex went quickly so contact the Exclusive Agent today to organise an inspection.

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Price: $1,150,000    Building: 360m²    Occupancy: Vacant

COORPAROO PRIME MIXED-USE DEVELOPMENT SITE

Industrial | Retail | Development/Land

Zoned for 12 storey mixed-use development
(subject to council land dedication and approval)
Level site, back onto proposed Coorparoo Creek Park
Expansive city views from 2rd floor
150 meters to bus terminal, 500 meters to train station
3 minutes walk to Woolworths and Coles
150 meters to the $232 million old Myer building development including a 10-theatre cinema complex
It should be noted that 41 Lackey Avenue - directly behind the subject site and owned by the same owner - is currently being resumed by the Council to from part of the proposed Coorparoo Creek Park. It is considered the development of the park at the rear of the site will significantly enhance the visual setting, aspect and value of the subject land.

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Price: Expressions of Interest    Building: 1618m²    Land: 2266m²

RARE FREESTANDING RETAIL/ SHOWROOM/ MEDICAL/ OFFICE

Retail | Offices | Medical

- 250sqm* space across two buildings (200sqm* and 50sqm*)
- 905sqm* rectangular site over two (2) titles
- 20.8m* frontage to busy Ipswich Road
- 10-12 onsite car parks (securely gated)
- Glass shopfront
- Rear roller door loading access
-'LMR2 - LOW MEDIUM DENSITY RESIDENTIAL' Zoning with a 'Character Commercial' Overlay supporting a variety of commercial/ retail uses
- Low height storage under building
- Fantastic exposure to busy Ipswich Road and directly across the road from McDonalds
- Located just 3.5km* from the Brisbane CBD and 420m* from the Pacific Motorway!
HUGE PRICE REDUCTION
(*approx.)
For further information or to arrange an inspection please contact the marketing agent Jack Gwyn of Ray White Commercial TradeCoast!

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Price/Rent: Price Upon Application    Building: 250m²    Land: 905m²    Occupancy: Vacant

SUBURB PRICE GUIDE

Suburb Summary - Woolloongabba, QLD 4102

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

Price (m²) Rent (m²) Yield
Offices $4736 $307 6.48%
Retail $3780 $483 12.78%
Industrial $3123 $168 5.39%
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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