SOLD
Sold on 20 Mar 2024 for $1,000,000

101/10 Stratton Street
Newstead QLD 4006

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 129m2
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Property Details for 101/10 Stratton St, Newstead

101/10 Stratton St, Newstead is a 0 bedroom, 0 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 129m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 0 bedroom Unit sold in Newstead in the last 12 months.

Building Type
Unit
Year Built
2016
Land Size
129m2
Local Government
Brisbane
Lot/Plan
101/SP271911

Last Listing description (July 2021)

Ground floor, inner city, strata titled retail/commercial tenancy for sale by Auction.

The property is fully leased until 31st August, 2025 with a further option of 6 years. The rental income is currently $66,950 per annum and each year the income increases by 3% fixed.


Located 3 kilometres from the Brisbane CBD and 500 metres (approximately) from the 'Gasworks' precinct (source: Google Maps).

Investment characteristics;
1x exclusive use basement car park
Tenancy has good exposure and frontage to the street
Generous window facure creating an abundance of natural light

Exclusive Selling Agents;
Argus Commercial
Level 15, 66 Eagle Street, Brisbane Qld 4000
Corporate Real Estate Licence: 4250083

Auction Details;
In Rooms
Level 15, 66 Eagle Street, Brisbane Qld 4000
'66 Eagle Street' Cnr Creek St and Eagle Street
Tuesday, 23rd March, 2021 at 11am

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Property History for 101/10 Stratton St, Newstead, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$1,000,000
20 Mar 2024
  • 20 Mar 2024
    Sold for $1,000,000
  • 23 Mar 2021
    Transferred for $951,000
  • 26 Feb 2021
    Listed for Sale Auction 11am Tuesday the 23rd March, 2021
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About Newstead 4006

The size of Newstead is approximately 0.9 square kilometres. It has 3 parks covering nearly 8.2% of total area. The population of Newstead in 2011 was 836 people. By 2016 the population was 2,204 showing a population growth of 163.6% in the area during that time. The predominant age group in Newstead is 20-29 years. Households in Newstead are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newstead work in a professional occupation. In 2011, 46.6% of the homes in Newstead were owner-occupied compared with 37.6% in 2016.

Newstead has 5,589 properties. Over the last 5 years, Houses in Newstead have seen a -50.87% decrease in median value, while Units have seen a 40.53% increase. As at 31 October 2024:

  • The median value for Houses in Newstead is $540,666 while the median value for Units is $789,614.
  • Houses have a median rent of $778 while Units have a median rent of $750.
There are currently 41 properties listed for sale, and 10 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 472 properties were sold in the past 12 months in Newstead.

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