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168 Algester Road
Calamvale QLD 4116
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Sold on 13 Jul 2023

168 Algester Road Calamvale QLD 4116

  • Shop & Retail
  • 2,736 m²
  • Sold

CENTRAL PARK CALAMVALE - FIRST TIME OFFERED TO MARKET

  • Resilient & diverse income profile
  • 100% fully leased
  • Rare opportunity in dominant catchment

CBRE are pleased to present to market Central Park, Calamvale An established investment underpinned by a diverse and resilient income profile with exposure across the medical, retail & residential sectors.

Key Investment Highlights:

- Situated on an irreplaceable 5,024sqm* freehold holding with a 50m* frontage to Algester Road that captures over 68,000* cars per week
- 1,003sqm* fully leased medical, retail and residential investment opportunity offering a diverse income profile.
- Resilient tenancy composition with a focus on non-discretionary retailers, with medical and allied health operators representing 51% of GLA.
- Additional income security via twelve 3 bed, 2 bathroom and 1 car residential apartments, positioned at the rear.
- Strategically positioned in one of Brisbane's sought-after and populous residential corridors only 20km* from Brisbane CBD.
- Convenient parking for 55** vehicles via the on-grade car park with dual street access from Algester Road & Central Street.
- Certain, high-growth income stream reflecting an average weighted rent review of 3.55% p.a.
- The recent change to Neighborhood Centre (NC) zone allows the incoming purchaser complete flexibility for future development outcomes.
- Opportunity for genuine growth across the income profile via rent reversions with current rental's sitting below recent market comparable evidence.
- Net Income of $613,000* p.a. + GST

For Sale vie Expressions of Interest closing Thursday 22nd June at 4:00pm (AEST).

For further information, please contact one of the sales and marketing agents.

* Approx
** Excluding residential car parks

CBRE Brisbane
CBRE Brisbane
Waterfront Place, Level 3 1 Eagle Street
Brisbane City, QLD 4000

Property Highlights

Date Sold13 Jul 2023
Floor Area2,736 m²
Land Area5,024 m²
ParkingOn site parking available
Property ID2018554613
Category
Last updated  21 Jun 2024
Map for 168 Algester Road Calamvale QLD 4116
CBRE Brisbane
CBRE Brisbane
Waterfront Place, Level 3 1 Eagle Street
Brisbane City, QLD 4000

Property Highlights

Date Sold13 Jul 2023
Floor Area2,736 m²
Land Area5,024 m²
ParkingOn site parking available
Property ID2018554613
Category
Last updated  21 Jun 2024

Listed by

More about 168 Algester Road Calamvale QLD 4116

168 Algester Road Calamvale QLD 4116 is categorized as Shop & Retail Property. It has a floor area of 2,736 m² and a land area of 5,024 m². The listing ID for this property is 2018554613.

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