25 Caxton Street,
Petrie Terrace, QLD 4000
Shops & Retail
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Tenure type
Sold on
Map of 25 Caxton Street
High Street Freestanding Investment - 100% Tenanted For Over 30 Years
- 100% tenanted for over 30 years
- 5 year net lease
- High street location
Ray White Commercial (QLD) are pleased to exclusively offer 25 Caxton Street, Petrie Terrace QLD for sale by Auction on Friday 14 December 2018, 10:15am at Level 26, 111 Eagle Street, Brisbane City QLD.
This is a rare opportunity to acquire a high street freestanding retail investment that has been 100% tenanted for over 30 years.
Previously tenanted by the award winning Rags Garden Restaurant, this property offers a rich history and is now tenanted by Enzo & Sons, the latest brainchild of the highly experienced restaurateurs Jamie and Siarah Webb.
Jamie & Siarah have a proven track record including the famous Lefty's Old Time Music Hall (15 Caxton Street) and Seymour's Cocktails and Oysters (19 Caxton Street).
Key Investment Attributes:
• 5 year net lease to 31 August 2022 + options to 2032
• 296sqm** building area comprising 120 seat restaurant/bar and first floor self contained apartment
• Expansive 99sqm** undercover beer garden with bar/pizza oven
• Dominant 350sqm* land parcel with exposure to over 17,200 cars passing daily^
• 200m* to Suncorp Stadium and 500m* to $5 billion Cross River Rail and $2 billion Brisbane Live developments
• Affluent precinct with household income levels 34% above the QLD average^^
• Fixed 3.5% annual increases underpinned by a 3 month bank guarantee
• Net income of $90,540* + GST p.a.
*Approximately
**Estimate only based on building plans
^Sitewisely
^^Location IQ
This is a rare opportunity to acquire a high street freestanding retail investment that has been 100% tenanted for over 30 years.
Previously tenanted by the award winning Rags Garden Restaurant, this property offers a rich history and is now tenanted by Enzo & Sons, the latest brainchild of the highly experienced restaurateurs Jamie and Siarah Webb.
Jamie & Siarah have a proven track record including the famous Lefty's Old Time Music Hall (15 Caxton Street) and Seymour's Cocktails and Oysters (19 Caxton Street).
Key Investment Attributes:
• 5 year net lease to 31 August 2022 + options to 2032
• 296sqm** building area comprising 120 seat restaurant/bar and first floor self contained apartment
• Expansive 99sqm** undercover beer garden with bar/pizza oven
• Dominant 350sqm* land parcel with exposure to over 17,200 cars passing daily^
• 200m* to Suncorp Stadium and 500m* to $5 billion Cross River Rail and $2 billion Brisbane Live developments
• Affluent precinct with household income levels 34% above the QLD average^^
• Fixed 3.5% annual increases underpinned by a 3 month bank guarantee
• Net income of $90,540* + GST p.a.
*Approximately
**Estimate only based on building plans
^Sitewisely
^^Location IQ
Property ID: 503025710Last Updated: 30 Aug 2023
04503042...
25 Caxton Street
Petrie Terrace, QLD 4000
RWC Retaillevel 26/111 Eagle Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
Contact Agency
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
4/10 Market Street,Brisbane City, QLD 4000 97 m²Shops & Retail • Hotel, Motel & Leisure • Other
$1,015,000
2/10 Market Street,Brisbane City, QLD 4000 52 m²Shops & Retail • Offices • Showrooms & Large Format Retail
Contact Agent
1/550 Queen Street,Brisbane City, QLD 4000 89 m²Shops & Retail • Medical & Consulting • Offices