Sold
Retail

55 Old Cleveland Road Greenslopes, QLD 4120

Sold for $2,700,000 on 5 Apr 2017
  • Building: 554m²
  • Land: 645m² (0.16 acres)
Agents

Sold By

  • Loading...
  • Loading...
Retail in Greenslopes

Colonial landmark investment

  • Building: 554m²
  • Land: 645m² (0.16 acres)
  • Premium corner position across from Stones Corner Hotel
  • Strong mix of six local and national tenants
  • Current net income of $215,738 + GST per annum
  • Varying lease terms providing value add opportunity
  • Built circa 1888 no heritage listing

55 Old Cleveland road is located just off the main Stones Corner shopping precinct. The property occupies a prime corner position directly across from the Stones Corner hotel and also benefits from excellent exposure to Old Cleveland Road. It falls within the Stones Corner core sub precinct giving future development upside. The improvement offers two levels of accommodation with good quality office on the first floor and a multi tenancy retail strip across the ground floor. Parking is on grade and accessed via Stoneham Street. The property is fully leased with a mix of national and local tenants on varying lease terms.

Building:

554m²

Land:

645m² / 0.16 acres

Tenancy:

Vacant

Loading...