18/145 Racecourse RoadAscot QLD 4007
Property Details for 18/145 Racecourse Rd, Ascot
Last Listing description (March 2024)
RWC Queensland is pleased to exclusively offer for sale 18/145 Racecourse Rd, Ascot for sale by Public Auction on Thursday 21 March 2024 at 3pm (AEST), to be held in-rooms at Lvl 26, 111 Eagle Street, Brisbane QLD 4000.
This is an exceptional entry level leased investment opportunity in one of the most prestigious suburbs in Brisbane. A well presented 52 sqm* tenancy with a new five (5) year lease with a five (5) year option until 2034.
Key investment highlights:
• Secure 5 year lease plus 5 year option to January 2034
• Fixed 4% annual rent increases
• Tenant pays 100% outgoings
• Well presented 52sqm* ground floor tenancy
• Located at the top of one of Brisbane's premier high streets
• Ample on site car parking at the rear
• 150m* to Eagle Farm Racecourse entry
• 250m* to Coles
• 450m* to Ascot Train Station
• 1.4km* to Portside Wharf and future Brisbane Olympics Games Athletes Village
• 5km* to Brisbane CBD
• Close proximity to some of Brisbane's best dining, retailers and boutiques
• Affluent demographic with median family income 60%^ higher than QLD average
• Net Income: $52,000 per annum plus GST
Please contact the marketing agents for further information. This property will be sold at auction.
Property History for 18/145 Racecourse Rd, Ascot, QLD 4007
- 05 Apr 2024Sold for $740,000
- 26 Feb 2024Listed for Sale Auction - 21 March 2024 at 3pm
- 03 Jun 2014Sold for $700,000
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About Ascot 4007
The size of Ascot is approximately 2.8 square kilometres. It has 7 parks covering nearly 34.1% of total area. The population of Ascot in 2011 was 5,730 people. By 2016 the population was 5,760 showing a population growth of 0.5% in the area during that time. The predominant age group in Ascot is 40-49 years. Households in Ascot are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ascot work in a professional occupation. In 2011, 54.7% of the homes in Ascot were owner-occupied compared with 54.7% in 2016.
Ascot has 3,531 properties. Over the last 5 years, Houses in Ascot have seen a 69.01% increase in median value, while Units have seen a 59.21% increase. As at 31 October 2024:
- The median value for Houses in Ascot is $2,552,880 while the median value for Units is $740,055.
- Houses have a median rent of $995 while Units have a median rent of $590.
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