SOLD
Sold on 12 Jul 2024 for $2,915,000

830 Sandgate Road
Clayfield QLD 4011

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 810m2
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Property Details for 830 Sandgate Rd, Clayfield

Building Type
Land
Land Size
810m2
Local Government
Brisbane
Lot/Plan
6/RP33864

Last Listing description (August 2024)

RWC Retail are proud to present for sale Clayfield Villaggio - a high-profile DA Approved development site in the prestigious inner-Brisbane suburb of Clayfield. For sale at Offers Over $10m

|What|
Irreplaceable 3,608sqm* corner site that provides both significant holding income and immediate development upside

Landmark location on one of Brisbane's busiest intersections (Sandgate & Junction Roads) boasting enormous exposure to over 51,800^ vehicles per day
New DA Approval for a modern retail centre providing 960sqm* of additional GFA and a new underground carpark with dual road access
Currently improved with a mixed-use centre providing a diversified income stream with Retail, Medical, Office and Residential tenants
Existing tenants include Terry White Chemmart - Australia's largest pharmacy chain and Getta Burger
Fully Leased Net Income of $352,386 + GST p.a (average net rent of only $233/sqm)

|Where|
6km* North of the Brisbane CBD, Clayfield is located in one of the most sought-after pockets in Brisbane with a median per capita income 53% greater than the QLD benchmark
Five of Brisbane's most prominent schools including Clayfield College and St Rita's, along with four train stations within a 1km* radius of the site
Clayfield is also serviced by two major arterial roads (Sandgate and Junction) along with the Airport Link tunnel and East-West Arterial, providing convenient and easy access to the Brisbane CBD and Brisbane Airport

|Why|
Demand for retail space in the Clayfield-Toombul precinct is at an all time high - following the closure of Toombul Shopping Centre (660m* North of the site)
With multiple tenancies on below market rents and month-to-month leases, Clayfield Villagio provides immediate rental reversion upside

* Approximately
^Sitewisely

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Property History for 830 Sandgate Rd, Clayfield, QLD 4011

A timeline of how this property has performed in the market
Last Sold
$2,915,000
12 Jul 2024
  • 12 Jul 2024
    Sold for $2,915,000
  • 13 Nov 2023
    Listed for Sale EOI Closing 6th December 2023

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About Clayfield 4011

The size of Clayfield is approximately 2.8 square kilometres. It has 4 parks covering nearly 1.6% of total area. The population of Clayfield in 2011 was 10,006 people. By 2016 the population was 10,585 showing a population growth of 5.8% in the area during that time. The predominant age group in Clayfield is 30-39 years. Households in Clayfield are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Clayfield work in a professional occupation. In 2011, 52.6% of the homes in Clayfield were owner-occupied compared with 52.4% in 2016.

Clayfield has 6,312 properties. Over the last 5 years, Houses in Clayfield have seen a 71.41% increase in median value, while Units have seen a 76.28% increase. As at 30 September 2024:

  • The median value for Houses in Clayfield is $1,889,192 while the median value for Units is $644,306.
  • Houses have a median rent of $625 while Units have a median rent of $530.
There are currently 65 properties listed for sale, and 33 properties listed for rent in Clayfield on OnTheHouse. According to CoreLogic's data, 327 properties were sold in the past 12 months in Clayfield.

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