1 & 2/41 Musgrave Avenue, Labrador, QLD 4215

Retail | Offices

Sold Contact Agent

  • Property ID: 398168
  • Floor Area: 93m²
  • Land Area: 93m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 93m2 93m2 Contact Agent
5 x 5 YR LEASE TO CHIRN PARK's DAARK ESPRESSO - STRONG NEIGHBOURHOOD INVESTMENT

On behalf of the vendor, Jackson Rameau from Ray White Commercial Gold Coast, has exclusive privilege to present this strong neighbourhood investment.

The combined lots 1 & 2/41 Musgrave Avenue, Labrador, QLD, 4215 is located within the tightly held neighbourhood of Chirn Park which has attracted serious in the last 3-5 years. This property is leased to Daark Espresso who have been operating from the premises for the past 5 years. The existing tenant has amended their lease to another 5 x 5 year lease in place, this a total remaining term of just under 10 years until the final expiry of the 30th of April 2031.

The property has the following key attributes;
- 5 x 5 year lease to Daark Espresso (5% increases)
- Net income of $57,000*p.a. + GST + Outgoings
- Total NLA is 93m2* (Lot 1 39m2* & Lot 2 54m2*)
- Shared complex car parking facility directly beside the premises

For an inspection or any further information, please contact the exclusive marketing agent Jackson Rameau on 0438 451 112.

Labrador Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $10833 --- ---
Retail $8889 $407 4.58%
Offices $5774 $369 6.39%
This is the average advertised price, rent and yield for Labrador, QLD 4215*

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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