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Sold on 22 Dec 2023 - Price Unavailable

16/42 Smith Street
Capalaba QLD 4157

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 297m2
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Property Details for 16/42 Smith St, Capalaba

Building Type
Commercial
Floor Size
297m2
Local Government
Redland
Lot/Plan
16/SP204839

Last Listing description (December 2023)

This quality built strata titled industrial unit is located in "Industry on Smith", a well presented and secure gated complex of 16 units in the heart of Capalaba's industrial precinct. The property has a national tenant, Metz Specialty Materials Pty Ltd, who has been on site since 2009 and would like to enter into a new 3 + 3 year lease.
Features include:
* 74sqm air conditioned mezzanine offices with quality fit out

* 223sqm clear span insulated warehouse with skylight, three phase power and air conditioned meeting room
* Electric container height roller door
* Own amenities - kitchenette, shower and two toilets
* Front shaded courtyard available for staff
* 57 common area car parks in the complex
* Secure lockup compound
* Current lease expires on 7 December 2023
* Current annual net rental income is $51,732.24
* Tenant would like to enter into a new 3 + 3 year lease
* Information Memorandum available upon request
For further information and to arrange an inspection (by appointment only) please contact Exclusive Agent, Colin Tucker.

Property History for 16/42 Smith St, Capalaba, QLD 4157

A timeline of how this property has performed in the market
Last Sold
22 Dec 2023
  • 01 Dec 2023
    Sold for $1,009,800
  • 04 Oct 2023
    Listed for Sale Expression of Interest
  • 02 Oct 2009
    Sold for $599,000
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About Capalaba 4157

The size of Capalaba is approximately 18.7 square kilometres. It has 42 parks covering nearly 11.2% of total area. The population of Capalaba in 2011 was 16,644 people. By 2016 the population was 17,365 showing a population growth of 4.3% in the area during that time. The predominant age group in Capalaba is 50-59 years. Households in Capalaba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Capalaba work in a trades occupation. In 2011, 72.1% of the homes in Capalaba were owner-occupied compared with 71.4% in 2016.

Capalaba has 8,556 properties. Over the last 5 years, Houses in Capalaba have seen a 80.52% increase in median value, while Units have seen a 94.04% increase. As at 30 September 2024:

  • The median value for Houses in Capalaba is $885,163 while the median value for Units is $591,575.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 51 properties listed for sale, and 57 properties listed for rent in Capalaba on OnTheHouse. According to CoreLogic's data, 384 properties were sold in the past 12 months in Capalaba.

Suburb Insights for Capalaba 4157

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Contact agent
Colin Tucker
Show contact details
Raine & Horne Commercial Brisbane Southside
Preferred contact:
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.