SOLD
Sold on 19 Dec 2023 for $4,500,000

141-145 Griffith Road
Newport QLD 4020

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3110m2
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Property Details for 141-145 Griffith Rd, Newport

Building Type
Commercial
Land Size
3110m2
Local Government
Moreton Bay
Lot/Plan
15/RP864223

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:

- 833m2 net lettable area
- 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

A timeline of how this property has performed in the market
Last Sold
$4,500,000
19 Dec 2023
Listed for Rent
12 Oct 2018
  • 19 Dec 2023
    Sold for $4,500,000
  • 28 Jul 2023
    Listed for Sale Present all Offers
  • 07 Sep 2022
    Listed for Sale CONTACT AGENT
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About 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 3,442 properties. Over the last 5 years, Houses in Newport have seen a 83.32% increase in median value, while Units have seen a 122.73% increase. As at 31 July 2024:

  • The median value for Houses in Newport is $1,307,109 while the median value for Units is $827,993.
  • Houses have a median rent of $750.
There are currently 49 properties listed for sale, and 13 properties listed for rent in Newport on OnTheHouse. According to CoreLogic's data, 251 properties were sold in the past 12 months in Newport.

Suburb Insights for Newport 4020

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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.