830 Sandgate RoadClayfield QLD 4011
Property Details for 830 Sandgate Rd, Clayfield
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
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
Property History for 830 Sandgate Rd, Clayfield, QLD 4011
- 12 Jul 2024Sold for $2,915,000
- 13 Nov 2023Listed for Sale EOI Closing 6th December 2023
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0About 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 6,302 properties. Over the last 5 years, Houses in Clayfield have seen a 69.39% increase in median value, while Units have seen a 78.93% increase. As at 31 October 2024:
- The median value for Houses in Clayfield is $1,898,988 while the median value for Units is $652,582.
- Houses have a median rent of $625 while Units have a median rent of $528.
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