OFF MARKET

1/154 Cavendish Road
Coorparoo QLD 4151

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 137m2
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Property Details for 1/154 Cavendish Rd, Coorparoo

Building Type
Commercial
Year Built
2002
Land Size
137m2
Local Government
Brisbane
Lot/Plan
1/SP174642

Last Listing description (September 2020)

Phone enquiries - please quote property ID 19470

Fitted and licensed Restaurant premises available for lease

PRIME location directly opposite Coorparoo square redevelopment-

137m2 plus large exclusive fully covered outdoor alfresco dining, along with function room facilities.

Plus Office Area, Rear Loading Bay & Access, and Lockable External Storage area

Main road frontage and signage

Ample off street undercover parking

Ideal for any food / restaurant / caf or similar business.

Prime location opposite Coorparoo Square redevelopment. For those not familiar with Coorparoo Square, it is a large development with three buildings consisting of 530 units/apartments, ALDI store, Dendy Cinemas and other businesses creating a thriving shopping and lesiure hub for the area.

Lease Terms are 4 years plus 5 year option on lease

Current liquor license also in place avail to transfer

Would suit any cuisine, as kitchen is very large and in excellent condition.

Comes with tables (internal and external) and cushions for outdoor seating You could start trading immediately as fit out is immaculate. Due to location, superior kitchen size and shop fit out, this will not last long as all the hard work has been done.

There is an extensive amount of equipment which is included in lease

Main items include:-

Huge kitchen includes all prep benches
5m approx Near new exhaust extraction with fresh air return
Large cold room with shelving included
Fully functional dishwasher and dishwashing area
Food service sinks
3 phase power
Natural gas connections
Rear access for deliveries and loading
Front counter and Bar
Drinks Fridge and bar fridges all included
Front bar with underbench glass washer
Underbench ice make for bar
Fully ducted air conditioning throughout
Full internal and external sound throughout
TVs mounted throughout
Office area with Data Cabinet (with numerous Ethernet and Eftpos connections throughout)

A Full list can be provided.

This is a high density area in PRIME LOCATION. Rental is reasonable considering the sheer size of the space. The current operation operates on Foodoora, Uber, Deliveroo and menulog, so heaps of on-line order potential.

If you are seeking to start your own restaurant/caf, then dont look past this, as all the hard work has been done. Current owner has another business requiring their concentration. Take advantage of this quickly as it will move fast.

LOCATION:

Coorparoo is a suburb of Brisbane, located 4km south east of Brisbane CBD. It borders Camp Hill, Holland Park, Stones Corner, Greenslopes, East Brisbane and Norman Park.

Property History for 1/154 Cavendish Rd, Coorparoo, QLD 4151

A timeline of how this property has performed in the market
Last Sold
$1,292,500
10 Dec 2019
Listed for Rent
$1.44k/w
25 Sep 2020
  • 10 Dec 2019
    Sold for $1,292,500
  • 01 Sep 2019
    Listed for Rent $75,350 / year
  • 02 Jun 2019
    Listed for Rent $75,350 / year
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About Coorparoo 4151

The size of Coorparoo is approximately 5.4 square kilometres. It has 31 parks covering nearly 10.1% of total area. The population of Coorparoo in 2011 was 14,944 people. By 2016 the population was 16,284 showing a population growth of 9.0% in the area during that time. The predominant age group in Coorparoo is 20-29 years. Households in Coorparoo are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coorparoo work in a professional occupation. In 2011, 52.7% of the homes in Coorparoo were owner-occupied compared with 52.1% in 2016.

Coorparoo has 9,877 properties. Over the last 5 years, Houses in Coorparoo have seen a 73.70% increase in median value, while Units have seen a 91.72% increase. As at 30 November 2024:

  • The median value for Houses in Coorparoo is $1,616,130 while the median value for Units is $716,197.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 20 properties listed for sale, and 19 properties listed for rent in Coorparoo on OnTheHouse. According to CoreLogic's data, 467 properties were sold in the past 12 months in Coorparoo.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.