FOR SALE
Expression of Interest Closing Wed 20th of Nov

36 Park Road
Milton QLD 4064

Bedrooms: -
Bathrooms: -
Car spaces: 28
Floor area: 596m2
Land area: 809m2
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Prime Commercial & Retail Investment Opportunity in Milton, Brisbane QLD

RWC Milton is pleased to present 36 Park Road, Milton, to the market for sale via Expression of Interest closing 20th of November 2024 (If not sold prior).
This exceptional commercial and retail property in Milton offers a rare investment opportunity with secure, long-term tenants in place across both retail and office spaces. The property features two high-profile retail tenants on the ground floor and four established commercial office tenants, ensuring a diversified income stream.
Investment Highlights:
• Total net income $259,243.20pa (Plus outgoings and GST)*. Gross return of $398,984.24*
• Total NLA - 596sqm* Freestanding retail and commercial building sitting on 809sqm* of DC2 District Centre land.
• Prime location: situated in the heart of Milton, one of Brisbane's most dynamic and sought-after suburbs for both commercial and retail activities.
• Secure tenancy mix. Most tenants have been very long-term.
• WALE of 2 years*.
• Huge undercover car park (28 cars): All car parks are currently leased either to the sitting tenants or on a month-to-month basis to surrounding businesses.
• Flood-free site
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Property Details for 36 Park Rd, Milton

Building Type
Commercial
Floor Size
596m2
Land Size
809m2

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About Milton 4064

The size of Milton is approximately 1.3 square kilometres. It has 9 parks covering nearly 10.3% of total area. The population of Milton in 2011 was 1,987 people. By 2016 the population was 2,289 showing a population growth of 15.2% in the area during that time. The predominant age group in Milton is 20-29 years. Households in Milton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Milton work in a professional occupation. In 2011, 34.9% of the homes in Milton were owner-occupied compared with 36.3% in 2016.

Milton has 2,795 properties. Over the last 5 years, Houses in Milton have seen a 32.67% increase in median value, while Units have seen a 29.05% increase. As at 30 September 2024:

  • The median value for Houses in Milton is $1,505,035 while the median value for Units is $628,826.
  • Houses have a median rent of $680 while Units have a median rent of $620.
There are currently 32 properties listed for sale, and 38 properties listed for rent in Milton on OnTheHouse. According to CoreLogic's data, 147 properties were sold in the past 12 months in Milton.

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