FOR SALE
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Bird O'Passage Parade
Scarborough QLD 4020

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 911m2
Land area: 1773m2
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CAPITALISE ON UNIQUE MULTI-PURPOSE INVESTMENT!

Located on Bird O'Passage Parade, this extraordinary investment opportunity is positioned within the Scarborough entertainment, food & beverage precinct adjoining the Moreton Bay Boat Club and Tempest Seafood Restaurant.
• Recent extensive refurbishment of building from the ground up
• 831sqm* Microbrewery, Restaurant, Bar over 2 levels + 4 x 15m Marina berths
• Combined annual net return of $188,000pa* + outgoings + GST
• 4% annual rent increases assuring future rental growth
• 5 year sub-lease to "Scarborough Harbour Brewery" until September 2026 + 2 x 5yr options
• Long-term head lease to 2050 which can be extended
• Do not miss this one of a kind opportunity within high growth area
For further information or to arrange an inspection, please contact agents of Raine and Horne Commercial
Listing ID: 19651898

Property Details for Bird O'Passage Parade, Scarborough

Building Type
Commercial
Floor Size
911m2
Land Size
1773m2

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About Scarborough 4020

The size of Scarborough is approximately 3.3 square kilometres. It has 8 parks covering nearly 6.2% of total area. The population of Scarborough in 2011 was 7,985 people. By 2016 the population was 8,704 showing a population growth of 9.0% in the area during that time. The predominant age group in Scarborough is 50-59 years. Households in Scarborough are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Scarborough work in a professional occupation. In 2011, 57% of the homes in Scarborough were owner-occupied compared with 60% in 2016.

Scarborough has 4,949 properties. Over the last 5 years, Houses in Scarborough have seen a 81.95% increase in median value, while Units have seen a 91.02% increase. As at 31 October 2024:

  • The median value for Houses in Scarborough is $1,064,401 while the median value for Units is $895,953.
  • Houses have a median rent of $635 while Units have a median rent of $628.
There are currently 45 properties listed for sale, and 26 properties listed for rent in Scarborough on OnTheHouse. According to CoreLogic's data, 239 properties were sold in the past 12 months in Scarborough.

Suburb Insights for Scarborough 4020

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Trent Bruce
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Michael Schafferius
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Raine & Horne Commercial Brisbane North
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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.