FOR SALE
$ 150,000 WIWO ,Price Reduction Now $ 80,000.00

1 Mowbray Terrace
East Brisbane QLD 4169

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 87m2
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Licensed Italian & Pizza Restaurant with Exceptional Opportunities,

*****Restaurant business for sale only********
For almost 36 years, the current owners have been successfully preparing and serving delicious, classic Italian cuisine and Pizza home style foods to their loyal clientele.
Don't miss this outstanding opportunity to own a well-established Fully Licensed Pizza & Italian Restaurant and Takeaway business. This business has built an excellent reputation, offering a full quality menu with a large selection of pizzas, traditional pastas, Italian dishes and a lot more.
The existing owners are ready to retire after 36 years and looking to pass this immaculately presented, licensed restaurant to a new family.
If you're looking for a business within the hospitality industry that has survived the past months, that has a long trading history and a great reputation... Look no further.
******Key points******
* Detailed procedures and recipes in place.
* Highly trained staff.
* Fantastic growth opportunity for a new owner
* Change the hours of operation and by adding breakfast menu
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Property Details for 1 Mowbray Tce, East Brisbane

Building Type
Commercial
Floor Size
87m2

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About East Brisbane 4169

The size of East Brisbane is approximately 2 square kilometres. It has 10 parks covering nearly 8.6% of total area. The population of East Brisbane in 2011 was 5,598 people. By 2016 the population was 5,932 showing a population growth of 6.0% in the area during that time. The predominant age group in East Brisbane is 20-29 years. Households in East Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Brisbane work in a professional occupation. In 2011, 44.7% of the homes in East Brisbane were owner-occupied compared with 40.7% in 2016.

East Brisbane has 3,739 properties. Over the last 5 years, Houses in East Brisbane have seen a 69.26% increase in median value, while Units have seen a 61.36% increase. As at 31 October 2024:

  • The median value for Houses in East Brisbane is $1,474,552 while the median value for Units is $696,747.
  • Houses have a median rent of $760 while Units have a median rent of $595.
There are currently 19 properties listed for sale, and 11 properties listed for rent in East brisbane on OnTheHouse. According to CoreLogic's data, 151 properties were sold in the past 12 months in East brisbane.

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