2660 Logan RoadEight Mile Plains QLD 4113
Property Details for 2660 Logan Rd, Eight Mile Plains
Last Listing description (December 2019)
On behalf of the CBRE Queensland Retail Investments team, we are delighted to present this rare opportunity to purchase a brand new Brisbane metropolitan service centre anchored by some of the biggest names in their respective industries, 7-Eleven and Subway. The property is located at 2660 Logan Road, Eight Mile Plains QLD.
This compelling investment opportunity offers the following key attributes:
- Dominant corner position, less than 14km* to the Brisbane CBD;
- Long WALE 10.9* years (by income);
- Income growth via strong net leases with annual increases;
- Substantial depreciation benefits from brand new construction;
- Security of income with the centre 91% occupied by leading national tenants;
- Anchored by 7-Eleven, the largest convenience and petrol retailer in Australia with more than 650 stores;
- Prominent location with significant frontage to 44,000* cars daily on a major arterial road and Gateway Motorway entrance; and
- $406,145 pa* net passing income as at 1 July 2019.
THE PROPERTY IS FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING 8 AUGUST 2019 AT 4PM (AEST)
A copy of the Information Memorandum and Due Diligence package is available upon request from the exclusively appointed CBRE agents.
Property History for 2660 Logan Rd, Eight Mile Plains, QLD 4113
- 17 May 2024Sold for $8,000,000
- 12 Aug 2019Sold for $6,905,000
- 11 Jul 2019Listed for Sale Not Disclosed
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0About Eight Mile Plains 4113
The size of Eight Mile Plains is approximately 7.8 square kilometres. It has 31 parks covering nearly 16% of total area. The population of Eight Mile Plains in 2011 was 13,378 people. By 2016 the population was 15,349 showing a population growth of 14.7% in the area during that time. The predominant age group in Eight Mile Plains is 20-29 years. Households in Eight Mile Plains are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Eight Mile Plains work in a professional occupation. In 2011, 65.2% of the homes in Eight Mile Plains were owner-occupied compared with 62.8% in 2016.
Eight Mile Plains has 6,379 properties. Over the last 5 years, Houses in Eight Mile Plains have seen a 89.86% increase in median value, while Units have seen a 89.95% increase. As at 31 July 2024:
- The median value for Houses in Eight Mile Plains is $1,413,994 while the median value for Units is $698,843.
- Houses have a median rent of $750 while Units have a median rent of $600.
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