5 Bright AvenueArcadia QLD 4819
Property Details for 5 Bright Ave, Arcadia
Last Listing description (August 2022)
This suburban strip shopping center located in arguably the premier residential housing enclave of Magnetic Island currently returns $98,943.72 net p.a. + one vacant shop
The Arcadia Shopping Centre located a 5 Bright Ave. consists of 6 masonry brick & plaster board partitioned shops 5 of which are occupied by long term tenants running well established and profitable businesses.
The 6 shops - 3 on long term CPI leases, 2 on long term rental agreements, return the above disclosed figure. With the vacant shop (No 7) rented this figure increases by $11,100pa to $110,043.72pa net.
The property occupies half of the 2,024sm allotment allowing for the opportunity to add more shops or (now) much needed storage sheds as and when required.
The property is being offered For Sale for the first time in 33 years simply because the owners (ourselves) are closer to 80 years of age than we would wish - otherwise there would be no reason to sell. With current low interest rates this property is a sound investment assuring a long term, reliable income.
Property History for 5 Bright Ave, Arcadia, QLD 4819
- 20 Oct 2020Listed for Sale $1,000,000
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0About Arcadia 4819
The size of Arcadia is approximately 5.8 square kilometres. It has 2 parks covering nearly 62.4% of total area. The population of Arcadia in 2016 was 248 people. By 2021 the population was 246 showing a population decline of 0.8% in the area during that time. The predominant age group in Arcadia is 60-69 years. Households in Arcadia are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Arcadia work in a managers occupation.In 2021, 59.40% of the homes in Arcadia were owner-occupied compared with 50.70% in 2016.
Arcadia has 391 properties. Over the last 5 years, Houses in Arcadia have seen a 79.54% increase in median value, while Units have seen a 80.51% increase. As at 28 February 2026:
- The median value for Houses in Arcadia is $637,640 while the median value for Units is $452,727.
- Houses have a median rent of $300 while Units have a median rent of $300.
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