SOLD
Sold on 02 Apr 2024 for $1,805,000

40 Finsbury Street
Newmarket QLD 4051

Bedrooms: -
Bathrooms: -
Car spaces: 5
Floor area: 500m2
Land area: 607m2
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Property Details for 40 Finsbury St, Newmarket

Building Type
Commercial
Floor Size
500m2
Land Size
607m2
Local Government
Brisbane
Lot/Plan
15/RP47412

Last Listing description (September 2023)

Cushman & Wakefield and Blue Commercial is pleased to present 40 Finsbury Street, Newmarket for Lease.

40 Finsbury St, Newmarket is a rare recently refurbished freestanding opportunity to lease in the inner city fringe. Conveniently located approximately 4km to the CBD, this building presents a blank opportunity to acquire an office warehouse asset in the tightly held Newmarket Industrial/Commercial precinct of Finsbury Street.

- Approx 350sqm* of clear span warehouse

- Air-conditioning throughout warehouse
- 120sqm* of office Space with polished timber flooring
- 607sqm* Land Parcel
- Solar paneling on the roof
- 5 x Car Parks on-grade at front of asset;
- Light Industry Use
- Retail amenity closeby with the Reading Newmarket shopping centre (anchored by Coles Supermarkets) within walking distance.
*approx.

For further details please contact the exclusive marketing agents below:

Property History for 40 Finsbury St, Newmarket, QLD 4051

A timeline of how this property has performed in the market
Last Sold
$1,805,000
02 Apr 2024
Listed for Rent
$1.53k/w
05 Sep 2023
  • 02 Apr 2024
    Sold for $1,805,000
  • 11 May 2023
    Listed for Rent - Price not available
  • 01 Mar 2023
    Sold for $1,220,000
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About Newmarket 4051

The size of Newmarket is approximately 1.7 square kilometres. It has 10 parks covering nearly 9.3% of total area. The population of Newmarket in 2011 was 4,444 people. By 2016 the population was 4,986 showing a population growth of 12.2% in the area during that time. The predominant age group in Newmarket is 20-29 years. Households in Newmarket are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newmarket work in a professional occupation. In 2011, 51.2% of the homes in Newmarket were owner-occupied compared with 46.8% in 2016.

Newmarket has 2,499 properties. Over the last 5 years, Houses in Newmarket have seen a 60.01% increase in median value, while Units have seen a 67.18% increase. As at 30 November 2024:

  • The median value for Houses in Newmarket is $1,555,450 while the median value for Units is $739,190.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 11 properties listed for sale, and 16 properties listed for rent in Newmarket on OnTheHouse. According to CoreLogic's data, 83 properties were sold in the past 12 months in Newmarket.

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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.