OFF MARKET

689 New Cleveland Road
Gumdale QLD 4154

Bedrooms: -
Bathrooms: -
Car spaces: 10
Land area: 2336m2
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Property Details for 689 New Cleveland Rd, Gumdale

Building Type
Commercial
Land Size
2336m2
Local Government
Brisbane
Lot/Plan
8/SP212220

Last Listing description (June 2022)

+Secure 15-year net lease to 2029 plus options to 2044.
+Guaranteed growth with annual, fixed compounding 3.75% increases.
+7-Eleven: Australia's #1 convenience retailer with over 700 stores and 38% market share.**

+Attractive net lease structure with 7-Eleven responsible for council rates, water rates, insurance and repairs and maintenance.
+Commanding 2,336 sqm corner site with combined 99 metres of frontage and exposure.
+Surrounded by important social infrastructure, including 4 schools and tertiary education facilities in a 3km radius servicing 3,000* full-time students.***
+Strategically situated opposite IGA anchored East-Side Village, boasting retail amenities including Cellarbrations, Subway, Gumdale Pharmacy, Gumdale Medical Centre and Gumdale Tavern.
+Brisbane City Council: The third largest city in Australia, with population forecast to grow 230% to 4.2 million residents by 2050.****
+Gumdale: Affluent and high capital growth suburb with median household income 100% higher than QLD's average***** and median house price increased by 43.3% to $1,372,500 in the last 12 month. ******
+Minimum management, essential service investment.
+Estimated Net Rent: $372,283 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEST) Thursday 23 June 2022
The Hilton - Brisbane

*approx

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Property History for 689 New Cleveland Rd, Gumdale, QLD 4154

A timeline of how this property has performed in the market
Last Sold
$6,310,000
24 Jun 2022
  • 24 Jun 2022
    Sold for $6,310,000
  • 24 May 2022
    Listed for Sale Price on Request
  • 11 Oct 2017
    Sold for $5,100,000
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About Gumdale 4154

The size of Gumdale is approximately 4.5 square kilometres. It has 6 parks covering nearly 1.2% of total area. The population of Gumdale in 2011 was 949 people. By 2016 the population was 2,116 showing a population growth of 123.0% in the area during that time. The predominant age group in Gumdale is 10-19 years. Households in Gumdale are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Gumdale work in a professional occupation. In 2011, 84.6% of the homes in Gumdale were owner-occupied compared with 87.3% in 2016.

Gumdale has 684 properties. Over the last 5 years, Houses in Gumdale have seen a 74.54% increase in median value. As at 31 January 2025:

  • The median value for Houses in Gumdale is $1,628,250 while the median value for Units is $949,139.
  • Houses have a median rent of $838.
There are currently 3 properties listed for sale, and 1 property listed for rent in Gumdale on OnTheHouse. According to CoreLogic's data, 28 properties were sold in the past 12 months in Gumdale.

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