SOLD
Sold on 11 Oct 2023 for $1,250,000

500 Ipswich Road
Annerley QLD 4103

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 470m2
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Property Details for 500 Ipswich Rd, Annerley

Building Type
Commercial
Land Size
470m2
Local Government
Brisbane
Lot/Plan
15/RP92722

Last Listing description (February 2024)

We are excited to offer this opportunity to purchase a (2-6 Shops) commercial premises in a prime location of Annerley, situated on a highly exposed 470m2 and tenants already in place.

What a bonus ! A Newsagent business also included, with a good existing clientele and incomes, call the listing agent for more information and turnover.

The sites consisted of two Shops & Granny Flat with exceptional long-term potential,

incredible exposure & strategically located close to all amenities & easy access to Motorway.

Key Highlights:
+ Within 6km to Brisbane CBD
+ Within walking distance to train station and buses at doorsteps
+ Fully leased investment with strong tenancy mix
+ Next to Woolworths
+ Front and side access with private parking
+ Exceptional planning controls
- Zoning: Centre, District centre
+ Easy access to major motorways

Shop 1:
+ Currently operated as a Newsagent Business

Shop 2:
+ Beauty / Nails Salon
+ 3 years lease with further 3 years option
+ Rent $3366 a month

Granny Flat:
+ Situated at the rear with 1 bedroom
+ Rent $200 a week

Located on Ipswich Road, it provides massive exposure, only a short stroll to Buranda Village shopping center and Princess Alexandra Hospital.

For further details please contact Liem Tran 0403085955

Property History for 500 Ipswich Rd, Annerley, QLD 4103

A timeline of how this property has performed in the market
Last Sold
$1,250,000
11 Oct 2023
  • 11 Oct 2023
    Sold for $1,250,000
  • 15 Mar 2023
    Listed for Sale $1,250,000
  • 13 Oct 2005
    Sold for $700,000

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About Annerley 4103

The size of Annerley is approximately 2.8 square kilometres. It has 11 parks covering nearly 4.1% of total area. The population of Annerley in 2011 was 10,664 people. By 2016 the population was 11,349 showing a population growth of 6.4% in the area during that time. The predominant age group in Annerley is 20-29 years. Households in Annerley are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Annerley work in a professional occupation. In 2011, 44.6% of the homes in Annerley were owner-occupied compared with 42.9% in 2016.

Annerley has 6,431 properties. Over the last 5 years, Houses in Annerley have seen a 79.39% increase in median value, while Units have seen a 73.92% increase. As at 31 July 2024:

  • The median value for Houses in Annerley is $1,241,081 while the median value for Units is $629,311.
  • Houses have a median rent of $650 while Units have a median rent of $528.
There are currently 25 properties listed for sale, and 25 properties listed for rent in Annerley on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in Annerley.

Suburb Insights for Annerley 4103

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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.