68 Commercial RoadNewstead QLD 4006
Property Details for 68 Commercial Rd, Newstead
Last Listing description (October 2023)
JLL Metro Sales & Investments QLD are pleased to exclusively present 68 Commercial Road, Newstead - one of Brisbane's most recognisable buildings providing significant passing income from a diverse range of tenants and available space for an incoming occupier to establish their business and reposition a true 'live, work, play' asset.
1,862sqm* boutique, freehold asset spanning across four levels consisting of street level retail, multiple levels of office and a residential penthouse.
Significant passing income with consideration to allow for an incoming purchaser to occupy the building with favourable lease clauses allowing for relocation.
Immediate value add potential, allowing an astute purchaser to refurbish the office space and residential penthouse.
Flexible Mixed Use zoning providing for a range of end uses highlighted by the variety of surrounding developments.
Positioned at the juncture of Commercial Road, Masters Street and Wyandra Street on a commanding corner with exceptional exposure.
Walking distance from James Street Gasworks precincts award winning caf's, bars, breweries, restaurants, luxury retailers and gyms.
*Approximately
68 Commercial Road, Newstead is being offered for sale via Expressions of Interest closing Thursday 24 August 2023 at 4:00PM.
For further details or to arrange an inspection time please contact the exclusive agents.
Property History for 68 Commercial Rd, Newstead, QLD 4006
- 24 May 2024Sold for $6,250,000
- 26 Jul 2023Listed for Sale Please Contact Agent
- 15 Jan 2023Listed for Rent - Price not available
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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 5,582 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.
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