BUYERS have an exceptional chance to purchase a rare development site opportunity in the heart of Brisbane’s north as 531-537 Gympie Road, 21 Kate Street and 20-26 Boothby Street, Kedron hit the market by way of expressions of interest.
The asset, which comes with a substantial 16,724sq m* site area, also offers a 59m* frontage to Gympie Road and a 42m* entry to Boothby Street.
The property is being marketed and sold by Ray White Commercial QLD Managing Director and Partner Michael McCullagh and Manager – Brokerage Services Andrew Doyle.
“This really is a fantastic asset that provides an irreplaceable blank canvas development opportunity with a holding income of $413,630* per annum,” Mr McCullagh said.
“Commanding a huge site area in this established and growing suburb, this site lends itself to the design and delivery of a range of development options.
“Long-standing tenants provide significant holding income, some of which have a strong trading history for decades.
“The property is also in close proximity to existing large format retailers such as JB Hi-Fi, Pet Barn, Chemist Warehouse, Coles, Aldi, and several car dealerships.”
“Gympie Road is a major arterial route which connects the Brisbane CBD to the city’s northern suburbs and services over 23 million cars per annum,” Mr Doyle said.
“As of 2019, the immediate 3km* catchment area surrounding the subject properties recorded an estimated resident population of 77,334 people, with an average annual growth rate of 1.92 per cent from 2016-2019, exceeding the state and national average.
“The broader catchment area is relatively affluent overall, with average annual income per household exceeding $114,000, or around $15,000 higher than the Queensland average.”
Expressions of interest close on Thursday 24 September 2020 at 4pm (AEST).
John pictured with Ray White Group Managing Director Dan White Earlier this year John Dwyer marked 10 years at Ray White Commercial QLD. John, or JD as he is affectionately known to the team, has over 40 years of experience in commercial real estate. From sales and leasing to … Read more
As Australia heads towards net zero emissions by 2050 the push towards green energy has advanced many renewable energy projects across the country. Regional Australia has already benefited from this increased demand resulting in strong gains in employment, population growth, and in turn residential rents and prices have seen upward … Read more