19 Latrobe TerracePaddington QLD 4064
Property Details for 19 Latrobe Tce, Paddington
Last Listing description (December 2023)
Raine & Horne Commercial are pleased to present to market for sale this multi-tenanted freehold premises in the heart of one Brisbane's most tightly held locales.
Key Characteristics:
• 252sqm freehold character building
• Diverse income stream of $151,900 gross per annum* across 3 commercial tenancies and 1 residential tenancy
• Consistent and secure trading history experiencing very low vacancy rates and attracting strong tenants
• Prominent position along Latrobe Terrace, the premier passage through the heart of Paddington
• Within affluent inner-city suburb offering continued future high growth potential
• Central to major amenities including Suncorp Stadium, Caxton Street entertainment district and a plethora of Brisbane renowned cafes and restaurants
Seldom is there an opportunity to secure a prominent frestanding property along one of Brisbane's most historic high streets. This property represents that opportunity and will not last. Do not miss your chance to own this quality investment offering both a diverse income stream and landmark position in a high growth suburb.
Auction In-Rooms (if not sold prior) Wednesday 29 November 2023 at 11am at Raine & Horne Commercial - 337 Gympie Road, Kedron.
For further details and to receive a copy of the Information Memorandum, please contact your exclusive Raine & Horne Commercial agents.
Listing ID: 21569958
*approx.
Property History for 19 Latrobe Tce, Paddington, QLD 4064
- 14 Aug 2024Listed for Rent - Price not available
- 11 Dec 2023Sold for $1,960,000
- 27 Oct 2023Listed for Sale Auction In-Rooms 29 November 2023
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About Paddington 4064
The size of Paddington is approximately 2.5 square kilometres. It has 10 parks covering nearly 1.4% of total area. The population of Paddington in 2011 was 7,986 people. By 2016 the population was 8,554 showing a population growth of 7.1% in the area during that time. The predominant age group in Paddington is 20-29 years. Households in Paddington are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Paddington work in a professional occupation. In 2011, 51.4% of the homes in Paddington were owner-occupied compared with 52.4% in 2016.
Paddington has 4,558 properties. Over the last 5 years, Houses in Paddington have seen a 59.00% increase in median value, while Units have seen a 55.78% increase. As at 31 October 2024:
- The median value for Houses in Paddington is $1,888,298 while the median value for Units is $788,154.
- Houses have a median rent of $810 while Units have a median rent of $580.
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