SOLD
Sold on 17 Dec 2023 for $6,000,000

149 George Street
Beenleigh QLD 4207

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2596m2
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Sold By
CBRE Brisbane
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Property Details for 149 George St, Beenleigh

Building Type
Commercial
Land Size
2596m2
Local Government
Logan City
Lot/Plan
2/SP295819

Last Listing description (November 2023)

CBRE Retail Investments are pleased to present to market 149 George Street, Beenleigh.

- Underpinned by secure long-term 10 year leases to Taco Bell & The Yiros Shop, with excellent income security via a lengthy 7.3 year WALE (by income).

- Commanding 2,596m2* site with a 46m* direct frontage to George Street and positioned alongside Hungry Jacks and opposite Beenleigh Marketplace Shopping Centre, providing excellent traffic generators.
- Located in a major growth corridor area at the midway point between Brisbane and the Gold Coast, the property is situated 33km* south-east of the Brisbane CBD and 38km north-west* of Surfers Paradise.
- The rising construction cost environment further underpins this built form asset as a purchase well below replacement cost with the opportunity for revisionary income in the future.
- Recently built in 2020, the property offers significant depreciation benefits and a tax effective income stream.
- Easily managed and defensive income stream with built in income growth of 3% per annum.
- Net Income $331,000 per annum*^ + GST.


For Sale via Expressions of interest closing Thursday 23rd November 2023 at 4:00pm (AEST).

For further information, please reach out to the sales and marketing agents.

*Approximate. ^As at 1 March 2024

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Property History for 149 George St, Beenleigh, QLD 4207

A timeline of how this property has performed in the market
Last Sold
$6,000,000
17 Dec 2023
  • 17 Dec 2023
    Sold for $6,000,000
  • 25 Oct 2023
    Listed for Sale PLEASE CONTACT EXCLUSIVE AGENTS
  • 06 Jun 2022
    Listed for Sale Contact Agent

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About Beenleigh 4207

The size of Beenleigh is approximately 7.7 square kilometres. It has 23 parks covering nearly 17.5% of total area. The population of Beenleigh in 2011 was 8,245 people. By 2016 the population was 8,249 showing a population growth of 0.0% in the area during that time. The predominant age group in Beenleigh is 20-29 years. Households in Beenleigh are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Beenleigh work in a labourer occupation. In 2011, 48.7% of the homes in Beenleigh were owner-occupied compared with 43.4% in 2016.

Beenleigh has 4,509 properties. Over the last 5 years, Houses in Beenleigh have seen a 108.26% increase in median value, while Units have seen a 126.62% increase. As at 30 September 2024:

  • The median value for Houses in Beenleigh is $658,782 while the median value for Units is $443,286.
  • Houses have a median rent of $500 while Units have a median rent of $400.
There are currently 50 properties listed for sale, and 20 properties listed for rent in Beenleigh on OnTheHouse. According to CoreLogic's data, 258 properties were sold in the past 12 months in Beenleigh.

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