Raine & Horne Commercial is pleased to present to the market this freestanding property located in Capalaba's well established and flood free industrial precinct. The property is fully tenanted until 31 August 2027 with a five year option. Current net rental income is $68,230pa.
This is an excellent opportunity to purchase a well positioned and multi-functional commercial property in one of SEQ's most tightly held and popular industrial precincts. Site inspection available by appointment only.
The building comprises three separate tenancies.
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:
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