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SOLD

48 Cavendish Road, Coorparoo, QLD, 4151

Properties / Sold / Queensland / Coorparoo

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Sold at Auction

Land Area

1,619 m² (*approx)

Floor Area

1083 m² (*approx)

Property Type

Retail, Industrial, Other

Sub-type

Office/Warehouse

Est. Income

$201,000 p/a

Fully Leased

Link Vision and Auto Keepers

Car Spaces

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2. Property Highlights

Sold at Auction

Exposure to over 200,000 cars weekly
Auto Keepers @ 3 Locations
Link Vision @ 9 locations

Stephen & Elliot Kidd of Ray White Commercial (Qld) are proud to be appointed to sell 48 Cavendish Road, Coorparoo.

The property is leased to: Link Vision and Auto Keepers who each occupy roughly 50% of the building.

The property has the following positive investment attributes:

• Long term tenants providing income security and stability

• Low current rental rates which effectively reduce the current property value and provide for substantial future income & capital gain.

• Rapidly growing trade area population nearly 60% faster than QLD average

• Exposure to over 200,000 vehicles weekly

• Prime Corner retail location just 8.5 minutes drive from Brisbane CBD

• New Roof just installed (May 2023) along with tilt slab construction imply minimal long-term maintenance

• Substantial block of land close to amenity for future mixed-use high-rise development - STCA

• Motivated Seller due to family circumstances.

Method of Sale: Public Auction to take place on 22nd June 2023.

Location of Auction: Level 26, 111 Eagle Street Brisbane CBD

Bidding Options: In room, online or over the phone. Please ensure you are registered before the auction day.

A detailed Due Diligence Package is available upon request.

We look forward to speaking with you soon.

Stephen and Elliot

Remember to mention you found this property on CommercialReady

Property Type

Retail, Industrial, Other

Sub-type

Office/Warehouse

Est. Income

$201,000 p/a

Tenant

Link Vision and Auto Keepers

Land Area

1,619 m² (*approx)

Floor Area

1083 m² (*approx)

Car Spaces

Selling Method

Auction

Auction Date

22 Jun 2023 04:00PM

Add to calendar

Selling Details

Sold at Auction

2. Property Highlights

Sold at Auction

Exposure to over 200,000 cars weekly
Auto Keepers @ 3 Locations
Link Vision @ 9 locations

Stephen & Elliot Kidd of Ray White Commercial (Qld) are proud to be appointed to sell 48 Cavendish Road, Coorparoo.

The property is leased to: Link Vision and Auto Keepers who each occupy roughly 50% of the building.

The property has the following positive investment attributes:

• Long term tenants providing income security and stability

• Low current rental rates which effectively reduce the current property value and provide for substantial future income & capital gain.

• Rapidly growing trade area population nearly 60% faster than QLD average

• Exposure to over 200,000 vehicles weekly

• Prime Corner retail location just 8.5 minutes drive from Brisbane CBD

• New Roof just installed (May 2023) along with tilt slab construction imply minimal long-term maintenance

• Substantial block of land close to amenity for future mixed-use high-rise development - STCA

• Motivated Seller due to family circumstances.

Method of Sale: Public Auction to take place on 22nd June 2023.

Location of Auction: Level 26, 111 Eagle Street Brisbane CBD

Bidding Options: In room, online or over the phone. Please ensure you are registered before the auction day.

A detailed Due Diligence Package is available upon request.

We look forward to speaking with you soon.

Stephen and Elliot

Remember to mention you found this property on CommercialReady

48 Cavendish Road, Coorparoo, QLD, 4151 Coorparoo

RWC Queensland

Level 26, ONE ONE ONE, 111 Eagle Street, Brisbane QLD 4000

View Agency Profile

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

48 Cavendish Road, Coorparoo, QLD, 4151