48/223 Padstow RoadEight Mile Plains QLD 4113
Property Details for 48/223 Padstow Rd, Eight Mile Plains
Last Listing description (November 2022)
JLL Metro Sales & Investments are pleased to present for sale 223 Padstow Road, Eight Mile Plains.
The asset key investment attributes include:
Brand new 7 year net lease to 2029, with two further 5 year options to 2039
Leased to an established hospitality operator, with the restaurant and function centre operating on-site since 1989
Option for Purchaser to secure vacant possession of the building within the lease term (purchaser option only)
'Inflation proof' annual CPI rental reviews
Substantial net income of $300,000 + GST, with the tenant responsible for 100% of the outgoings
Strategic investment destination along the Brisbane to Gold Coast growth corridor and surrounded by key Brisbane 2032 Olympic infrastructure
Prominently positioned on a major intersection with exposure to significant daily passing traffic
Single level facility with 912sqm of functional GLA, providing for future adaptive reuse including commercial office, medical / healthcare, retail
24 undercover car parking bays with exclusive use of an additional 22 outdoor car bays
For Sale by Expressions of Interest closing Thursday 3 November 2022 at 4:00pm (AEST).
Property History for 48/223 Padstow Rd, Eight Mile Plains, QLD 4113
- 15 Jan 2024Sold for $3,700,000
- 28 Sep 2022Listed for Sale Please Contact Agent
- 03 May 2016Listed for Sale Asking $3.88m
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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 6,374 properties.
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