Sold
Retail

90 Flinders Parade Sandgate, QLD 4017

Sold on 26 Nov 2021
  • Building: 1,230m²
  • Land: 1,093m²
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Retail in Sandgate

Waterfront Residential & Retail Investment

  • Building: 1,230m²
  • Land: 1,093m²

Ray White Commercial QLD, in conjunction with Ray White Special Projects QLD, are pleased to present to the market 90 Flinders Parade, Sandgate QLD. On offer is a high profile residential and retail investment prominently located along the well known waterfront of Sandgate.

  • Fully leased dual income investment in a well established residential and tourist destination
  • Securely leased to Baaia Cafe and Sandgate Fishmongers who trade very well in this high traffic location
  • These ground floor retail shops have been 100% occupied for over 18 years without vacancy
  • 12-room residential boarding accommodation with some long term tenants having occupied their rooms for up to 28 years
  • Irreplaceable and high profile 1,093sqm* land parcel
  • Located just 16km* from the Brisbane CBD with easy access to the Airport
  • Affluent suburb with $850,000 median house price that is 54% above the QLD average**
  • Fully leased net income $164,309* + GST pa

Presented to the market for sale by Public Auction 10:15am (AEST) Friday, 26 November 2021.

Inspection Times

  • Wednesday 3 November : 4:30-5pm
  • Saturday 6 November: 11am to 11:30am
  • Saturday 13 November: 11am to 11:30am
  • Saturday 20 November: 11am to 11:30am
  • Wednesday 24 November: 4:30-5pm
Building:

1,230m²

Land:

1,093m² / 0.27 acres

Tenancy:

Tenanted

90 Flinders Parade, Sandgate, QLD 4017