875 Sandgate RoadClayfield QLD 4011
Property Details for 875 Sandgate Rd, Clayfield
875 Sandgate Rd, Clayfield is a 1 bedroom, 8 bathroom Unit and was built in 1972. The property has a land size of 668m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom Unit sold in Clayfield in the last 12 months.
Last Listing description (March 2022)
This group of 7 properties provides buyers a number of opportunities to consider for potential development. The site could be transformed into one modern unit complex, or perhaps 2-3 complexes constructed over an extened time to minimise exposure to the market for an extended period. The site yields approximately 145 car spaces, allowing up to 90-100 units to be realised from the site. Given the site fronts an entire block on Sandgate Rd, entry and exit points can be off the side street points.
As a townhouse site there are a number of possible designs to allow up to 30 townhouses being presented to the market. Depending on design and configuration this could also include terraced buildings with freehold tiltles. Houses on some of the properties would allow for additional titled townhouses be added to the individual properties with the retention of the current dwellings.
The sellers would consider selling the properties individually, or as a part sale of adjoining properties. The seller is open to negotiation and may also consider a joint venture.
There are a number of demolition or relocation approvals in place that will be provided to the purchaser on settlement, and current rent is approximately $170,000 per annum with all properties tenanted.
Property Code: 1227
Property History for 875 Sandgate Rd, Clayfield, QLD 4011
- 01 Mar 2024Sold for $1,475,000
- 12 Jun 2019Listed for Sale PRICE BY NEGOTIATION
- 07 Apr 2019Listed for Rent $160 / week
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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 6,324 properties.
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