$5,300,000

37

SOLD: BOUTIQUE RETAIL CENTRE WITH DEVELOPMENT POTENTIAL

Situated approximately 8km radius north west of the Brisbane GPO opposite the refurbished Mitchelton Railway Station.

* Fully leased modern complex comprises of 13 retail & 5 office tenants.
* Total NLA is 1,597 sqm (approx.)
* 37 Parking Bays (1:43 sqm)

Purchased by a Commercial Property Trust.
After refurbishment of approximately $400,000.00 expenditure the leasing profile post repositioning is expected to be $480,000.00 p.a Net showing a yield of 9.05% net return.

Additionally, the site is zoned “Major Centre” which under the current neighbourhood plan allows for 6 stories; suitable for high rise density residential and retail shops.
SOLD : $5.3 Million
NET YIELD : 8.35%

44 - 48 Blackwood Street, Mitchelton

$5,300,000

37

Description
SOLD: BOUTIQUE RETAIL CENTRE WITH DEVELOPMENT POTENTIAL

Situated approximately 8km radius north west of the Brisbane GPO opposite the refurbished Mitchelton Railway Station.

* Fully leased modern complex comprises of 13 retail & 5 office tenants.
* Total NLA is 1,597 sqm (approx.)
* 37 Parking Bays (1:43 sqm)

Purchased by a Commercial Property Trust.
After refurbishment of approximately $400,000.00 expenditure the leasing profile post repositioning is expected to be $480,000.00 p.a Net showing a yield of 9.05% net return.

Additionally, the site is zoned “Major Centre” which under the current neighbourhood plan allows for 6 stories; suitable for high rise density residential and retail shops.
SOLD : $5.3 Million
NET YIELD : 8.35%

Agent Details
Paul De Luca

Senior Commercial Consultant

mobile 0414 746 716

phone 07 3233 3921

office 07 3233 3999

Agency Details
Contact

location

Level 1, 144 Adelaide Street, Brisbane QLD 4000

phone

Key Details
property ID 445429
land size 3385m2
build size 1560m2
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