FOR SALE
$70,000

220 Melbourne Street
South Brisbane QLD 4101

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 70m2
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URBANLIST'S TOP 10 PLACES !

About the Business
Look what’s just been landed! A high cash flow business for sale, fully managed.
Buffalo wings are an Australian food trend these days. This joint is selected for the top 10 chicken wings shops in Brisbane.
Established 2 years ago. Owner operated.
Features include:
• Prime location
• Appealing a la carte menu
• Low cost, high margin business model
• Fully licensed
• Seating for 30 dine-in customers
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Property Details for 220 Melbourne St, South Brisbane

Building Type
Commercial
Floor Size
70m2

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About South Brisbane 4101

The size of South Brisbane is approximately 2.3 square kilometres. It has 14 parks covering nearly 12.6% of total area. The population of South Brisbane in 2011 was 5,416 people. By 2016 the population was 7,179 showing a population growth of 32.6% in the area during that time. The predominant age group in South Brisbane is 20-29 years. Households in South Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Brisbane work in a professional occupation. In 2011, 32.8% of the homes in South Brisbane were owner-occupied compared with 29.6% in 2016.

South Brisbane has 10,399 properties. Over the last 5 years, Houses in South Brisbane have seen a 5.41% increase in median value, while Units have seen a 48.05% increase. As at 30 November 2024:

  • The median value for Houses in South Brisbane is $1,058,306 while the median value for Units is $729,837.
  • Houses have a median rent of $700 while Units have a median rent of $750.
There are currently 40 properties listed for sale, and 56 properties listed for rent in South brisbane on OnTheHouse. According to CoreLogic's data, 655 properties were sold in the past 12 months in South brisbane.

Suburb Insights for South Brisbane 4101

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Oxbridge Property Group
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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.