FOR SALE
EOI Closing 7 November 2024 4pm (AEST)

Garbutt Central Cnr Ingham Road & Hugh Street
Garbutt QLD 4814

Bedrooms: -
Bathrooms: -
Car spaces: 150
Floor area: 3593m2
Land area: 11146m2
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Neighbourhood Shopping Centre With Immediate Upside

RWC Retail are proud to present Garbutt Central, for sale via Expressions of Interest closing Thursday 7th November at 4pm (AEST).
|What|
• Garbutt Central is a neighbourhood shopping centre with 82% of income underpinned by non-discretionary tenants
• Anchored to 2031 by a 2,087sqm* Cornetts IGA Supermarket, who have anchored the centre since construction (2006)
• 3,593sqm* building area across three standalone buildings
• Circa 2,800sqm* land of pad-site potential, with the opportunity to redevelop or reposition two of the standalone buildings
• Ultra convenient with 150 on-site car parks
• WALE of 4.74 Years (by area)
• Estimated Fully Leased Net Income of $1,066,370 + GST p.a.
|Where|
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Property Details for Garbutt Central Cnr Ingham Road & Hugh Street, Garbutt

Building Type
Commercial
Floor Size
3593m2
Land Size
11146m2

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About Garbutt 4814

The size of Garbutt is approximately 12 square kilometres. It has 6 parks covering nearly 1.3% of total area. The population of Garbutt in 2011 was 2,482 people. By 2016 the population was 2,425 showing a population decline of 2.3% in the area during that time. The predominant age group in Garbutt is 20-29 years. Households in Garbutt are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Garbutt work in a trades occupation. In 2011, 37.8% of the homes in Garbutt were owner-occupied compared with 37.5% in 2016.

Garbutt has 2,407 properties. Over the last 5 years, Houses in Garbutt have seen a 77.87% increase in median value, while Units have seen a 49.86% increase. As at 30 September 2024:

  • The median value for Houses in Garbutt is $490,525 while the median value for Units is $286,759.
  • Houses have a median rent of $470 while Units have a median rent of $363.
There are currently 16 properties listed for sale, and 29 properties listed for rent in Garbutt on OnTheHouse. According to CoreLogic's data, 137 properties were sold in the past 12 months in Garbutt.

Suburb Insights for Garbutt 4814

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Contact agent
Lachlan O'Keeffe
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Michael Feltoe
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RWC Retail QLD
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.