2-4 Glenmay Court, Morayfield, QLD 4506

Retail

Sold $4,650,000

  • Property ID: 377416
  • Floor Area: 968m²
  • Land Area: 3229m²
  • NBN Availability: Service Available - Fibre to the node (FTTN)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 968m2 3229m2 N/A
Strong Neighbourhood Investment Sale

The Commercial Guys are proud to present for sale, the Glenwood Drive Shops, positioned on the corner of Glenwood Drive and Glenmay Court, Morayfield.

This neighbourhood shopping strip is perfectly located amongst a highly populated residential estate and adjacent Morayfield East State School & Morayfield High School and in close proximity to childcare and transport options.

The centre is anchored by Spar Supermarket, which have been a long standing tenant in this location for many years, along with Liquorland, Phelan's Bakery, Fish and Chip shop, Take Away shop, Barber Shop and Laundromat. There is only 1 vacancy in the centre allowing for additional upside upon leasing the space.

Property Features:
- Net Income: $270,931.41 per annum
- 968 m2 NLA
- 3,229 m2 Corner block with 2 street access
- 65 line marked car parks
- Bus stop conveniently located directly in front of the centre
- 7 out of the 8 shops are tenanted
- Vacant tenancy has potential to be split for additional upside

For a detailed information memorandum contact the Exclusive agents, The Commercial Guys.

*Unless otherwise stated, the price/property may be subject to GST

Morayfield Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $2460 $299 12.15%
Offices --- $304 ---
Industrial $1674 $124 7.42%
This is the average advertised price, rent and yield for Morayfield, QLD 4506*

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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