345 Pine Mountain Road, Mount Gravatt East, QLD 4122

Retail | Medical

Sold $8,000,000

  • Property ID: 396396
  • Floor Area: 813m²
  • Land Area: 2557m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 813m2 2557m2 N/A
FULLY TENANTED NEIGHBOURHOOD RETAIL CENTRE

Ray White Commercial TradeCoast are pleased to present 345 Pine Mountain Road, Mount Gravatt East to the market.

A fully leased, freestanding retail centre locally known as Metropol 2. Metropol 2 is strategically positioned on a 2557sqm* site and consists of 813sqm* of Net Lettable Area. Fully tenanted by 10 established business across 11 tenancies and providing a current annual gross income of $514,881.79*.

Property specifics:
- 2557sqm* Neighbourhood centre zoned site
- 813sqm* of Net Lettable Area
- 10 established businesses across 11 tenancies
- Weighted Average Lease Expiry of 2.9* years
- Current gross income of $514,881.79* p.a + GST
- Additional tenant storage area located underneath
- 2 Grease Traps on site
- Parking for 37* cars and 2* motorbikes
- 1.6km* to Carindale Westfield
- 500m* to Pacific Golf Club
- 4.5km* to the Gateway Motorway
- 12km* to Brisbane CBD

The property is occupied by a diverse range of business types from Allied Health, Food & Beverage, Beauty & Professional Services.

Metropol 2 is positioned alongside 2 other retail centres, the Metropol 1 centre and the Cosmopolitan Centre. There is also a freestanding McDonalds located within the vicinity. The neighbouring centres are anchored with tenants such as IGA, Australia Post, BWS, Metropol Dr's at Carindale and more.

To learn more about this fantastic opportunity and to arrange your inspection contact the Exclusive Marketing Agents from Ray White Commercial TradeCoast.

* Approx.

Mount Gravatt East Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $427 ---
Offices --- $508 ---
Retail --- $546 ---
This is the average advertised price, rent and yield for Mount Gravatt East, QLD 4122*

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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