141-145 Griffith RoadNewport QLD 4020
Property Details for 141-145 Griffith Rd, Newport
Last Listing description (April 2024)
Ray White Commercial Northern Corridor Group are pleased to offer the Newport "Mariner Plaza" a lucrative centre with an exceptional tenant retention history since 1999, located at 141-145 Griffith Road, Newport for sale.
Situated among the stunning Newport canals awaits this well performing centre anchored by the Friendly Grocer Supermarket, Ray White, Champion Cellars and other long term, well established, supporting businesses. This is a rare opportunity to secure a profitable freehold centre investment in an exclusive location servicing the existing and expanding growth in the immediate area including the exclusive Newport waterfront living residences.
Features:
- Land area approx. 3,110m2
- Circa $292,678.78 net income
- Rental upside
- Exclusive water view location
- Exceptional traffic exposure
- 41 car parks - ratio of 1 : 20
- Public transport at front of property
- Surrounded by major ongoing development & infrastructure
For further information please contact Aaron Canavan or Chris Massie.
Property History for 141-145 Griffith Rd, Newport, QLD 4020
- 19 Dec 2023Sold for $4,500,000
- 28 Jul 2023Listed for Sale Present all Offers
- 07 Sep 2022Listed for Sale CONTACT AGENT
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0About Newport 4020
The size of Newport is approximately 4 square kilometres. It has 31 parks covering nearly 5.2% of total area. The population of Newport in 2011 was 3,184 people. By 2016 the population was 2,977 showing a population decline of 6.5% in the area during that time. The predominant age group in Newport is 50-59 years. Households in Newport are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newport work in a managers occupation. In 2011, 86.3% of the homes in Newport were owner-occupied compared with 86.6% in 2016.
Newport has 3,508 properties. Over the last 5 years, Houses in Newport have seen a 87.60% increase in median value, while Units have seen a 141.86% increase. As at 31 October 2024:
- The median value for Houses in Newport is $1,379,907 while the median value for Units is $947,615.
- Houses have a median rent of $733.
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