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31 Blackwood Street Mitchelton, QLD 4053

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31 Blackwood Street,
Mitchelton, QLD 4053

Development Sites & Land • Shops & Retail

Price information

Sale

For Sale

Key property information

Land area

Floor area

Property extent

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Map of 31 Blackwood Street

Directions
  • Train stations within 5 km of 31 Blackwood Street, Mitchelton, QLD 4053Distance
    Mitchelton Station132 m
    Oxford Park Station1 km
    Gaythorne Station1.3 km
    Grovely Station1.5 km
    Dawson Pde at Grovely Station1.5 km
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  • Bus stops within 5 km of 31 Blackwood Street, Mitchelton, QLD 4053Distance
    Blackwood St at Mitchelton15 m
    Suez St Near Samford Rd263 m
    Ruby Rd Near Blackwood St289 m
    Ruby Rd Near McConahgy St332 m
    Suez St at Suez - Samford338 m
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POWERED BY HERE ©

Rare Opportunity in Mitchelton Retail Precinct for Property with 2 Income Streams and Development Potential

The property is first time offered for sale in 40 years, situated in the busy and tightly held Mitchelton Retail Precinct which is only 9 km north-west of Brisbane CBD. This is a very rare investment opportunity in the growing Mitchelton for Owner Occupiers, Investors or Developers.

Property Highlights:

• Free-standing solid brick commercial building
• Situated in the busy Mitchelton Retail Precinct
• Only 9 kms from Brisbane CBD
• Major Centre Zoning
• Commercial Re-development Potential to Maximum of 5 levels (STCA)
• Land area 822 sqm rectangular site. High underlying Land value.
• Building area of 174 sqm (approx.) configurated into 2 shops @ 87sqm (see floor plan)
• Each shop with separate street front entrance, rear access and toilet facilities
• Both shops are air-conditioned
• Ample space for on-site parking at rear
• Walking distance to Mitchelton train station and bus stop near shop front
• Neighbouring with array of restaurants, health & wellbeing options and modern conveniences in the Mitchelton Retail Precinct, only 700M to Brookside Shopping Centre and 1.3M to Terala Park.

Current Tenancy:
• Shop 1: Leased until 16/5/2027 with rental $42,000 per annum excluding GST
• Shop 2: Leased unit 12/2027 with rental $43,920 per annum including GST + 3yr Option

Outgoings:
Council rates: $2,600 per quarter by owner
Building insurance: Approx $4,700 per year by owner
Electricity: bear by tenants
Water and Sewerage: bear by tenants
Grease Trap: bear by tenants
NO BODY CORP / COMMERCIAL MANANGEMENT FEES

Versatile Options for owner:
• Run your own business in one shop and rent out the other for extra income
• Rent out both shops to enjoy dual income streams
• Demolish and re-develop to modern Commercial Building (STCA)


Contact Exclusive Agent Ronnie Lo @ 0433 575 3... for inspection and submit your best offer.


Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties must instead satisfy themselves by inspection and obtain their own legal/professional advice.

Property ID: 504690908Last Updated: 22 Dec 2024

04335753...
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31 Blackwood Street
Mitchelton, QLD 4053
RE/MAX Supreme - SUNNYBANK
shop 78, Sunnybank Plaza
SUNNYBANK, QLD 4109

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