520 Samford Road,
Mitchelton, QLD 4053
Shops & Retail • Development Sites & Land • Other
Price information
Sold
$1,550,000
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Kelly & Co Property - Brisbane
Level 12, 324 Queen StreetBRISBANE CITY, QLD 4000
04759443...
520 Samford Road
Mitchelton, QLD 4053
Map of 520 Samford Road
High Exposure Investment with Future Development Upside
- Huge 1,197sqm Samford Road position
- Investment + Development Opportunity
- 8km from Brisbane CBD
Positioned on busy Samford Road, less than 8km from Brisbane City this property provides a unique opportunity to secure a tenanted investment with endless future development upside.
On offer is a substantial 1,197sqm corner parcel of land currently tenanted to KC Dry Cleaning on a 5-year lease to 30 June 2025.
Located in the thriving Mitchelton precinct with Gaythorne RSL, Brookside Shopping Centre, childcare, fast food and auto retailers all located in close proximity.
Privately held by same family for more than 30 years, this property offers endless opportunities with a strong holding income in place.
This property must be sold! Offers close 16 July 2024.
PROPERTY HIGHLIGHTS
• Unbeatable exposure and street frontage to over 50,000* cars daily
• Substantial 1,197sqm corner landholding fronting busy Samford Road
• Held by same family for 30+ years
• High underlying land value
• 5-year lease to June 2025 + 1 x 5 year option
• Currently tenanted to KC Dry Cleaning: national business with 20 locations across Queensland, South Australia and Victoria
• Tenant pays all outgoings as per the lease
• Annual CPI increases
• Net income: $89,717pa + GST
OFFERS CLOSING TUESDAY 16 JULY 2024.
For further information contact Exclusive Agent Sarah Broad 0475 944 3....
On offer is a substantial 1,197sqm corner parcel of land currently tenanted to KC Dry Cleaning on a 5-year lease to 30 June 2025.
Located in the thriving Mitchelton precinct with Gaythorne RSL, Brookside Shopping Centre, childcare, fast food and auto retailers all located in close proximity.
Privately held by same family for more than 30 years, this property offers endless opportunities with a strong holding income in place.
This property must be sold! Offers close 16 July 2024.
PROPERTY HIGHLIGHTS
• Unbeatable exposure and street frontage to over 50,000* cars daily
• Substantial 1,197sqm corner landholding fronting busy Samford Road
• Held by same family for 30+ years
• High underlying land value
• 5-year lease to June 2025 + 1 x 5 year option
• Currently tenanted to KC Dry Cleaning: national business with 20 locations across Queensland, South Australia and Victoria
• Tenant pays all outgoings as per the lease
• Annual CPI increases
• Net income: $89,717pa + GST
OFFERS CLOSING TUESDAY 16 JULY 2024.
For further information contact Exclusive Agent Sarah Broad 0475 944 3....
Additional information
External websites
Property ID: 504615232Last Updated: 30 Jul 2024
Kelly & Co Property - BrisbaneLevel 12, 324 Queen Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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