255 South StreetCleveland QLD 4163
Property Details for 255 South St, Cleveland
Last Listing description (December 2023)
RWC Bayside is pleased to present 255 South Street, Cleveland to the market For Sale via expressions of interest closing Wednesday 18th October, 4pm.
The 1,336sqm* site is improved with two freestanding block buildings accommodating 5 tenancies, 4 warehouses and a small tenancy at the front that was previously used as a snack bar combining to make a total NLA of 675sqm*.
Tenancies 3 and 4 are leased until August 2025, there is a short balance term for Tenancy 2 (expiring March 24), and Tenancies 1 and 5 are offered with vacant possession, providing value for any potential owner-occupier.
Features include:
- 2 freestanding block buildings
- All 4 industrial units accessible via full height roller doors
- Tenancies 3 and 4 have rear roller doors to storage area at rear
- Suit investor or owner-occupier
Expressions of interest close Wednesday 18th October, 4pm
*Approximately
Property History for 255 South St, Cleveland, QLD 4163
- 06 Nov 2023Sold for $1,650,000
- 13 Sep 2023Listed for Sale Expressions of Interest close Wed, 18th Oct, 4pm
- 11 Jan 2021Listed for Rent $33,000 / year
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About Cleveland 4163
The size of Cleveland is approximately 11.7 square kilometres. It has 55 parks covering nearly 19.2% of total area. The population of Cleveland in 2011 was 14,413 people. By 2016 the population was 14,791 showing a population growth of 2.6% in the area during that time. The predominant age group in Cleveland is 50-59 years. Households in Cleveland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cleveland work in a professional occupation. In 2011, 63% of the homes in Cleveland were owner-occupied compared with 62.2% in 2016.
Cleveland has 8,902 properties. Over the last 5 years, Houses in Cleveland have seen a 77.94% increase in median value, while Units have seen a 77.97% increase. As at 31 August 2024:
- The median value for Houses in Cleveland is $1,146,342 while the median value for Units is $717,133.
- Houses have a median rent of $700 while Units have a median rent of $625.
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