13 The Esplanade Pallarenda QLD 4810
Property Details for 13 The Esplanade, Pallarenda
Last Listing description (February 2023)
This beautiful waterfront restaurant + shop tenancy is perfectly situated in the heart of Pallarenda. It is the only restaurant in the suburb and for the right tenant, you will be able to serve the approximate 1000 permanent residents that live in the Pallarenda area.
This unique tenancy can also accommodate a retail shop or convivence store that can be divided into its own self-contained tenancy.
Option 1
Restaurant tenancy of 335 sqm
Fully furnished and equipped with a large kitchen
Furniture and equipment available for purchase by the tenant by negotiation
Large suite of male, female and disabled bathrooms
Rental : $50,000 per year + GST and Outgoings
Option 2
Convenience store tenancy of 90 sqm
Large open plan airconditioned area
Rear storeroom
Dedicated bathroom
Rental : $17,000 per year + GST and Outgoings
Option 3
Restaurant and convenience store tenancies combined
Area 425 sqm
Rental : $65,000 per year + GST and Outgoings
For more information or to arrange an inspection, please contact Ray White Commercial.
Property History for 13 The Esplanade, Pallarenda, QLD 4810
- 03 May 2022Listed for Rent $76,000 / year
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About Pallarenda 4810
The size of Pallarenda is approximately 2.6 square kilometres. It has 3 parks covering nearly 11.6% of total area. The population of Pallarenda in 2011 was 815 people. By 2016 the population was 781 showing a population decline of 4.2% in the area during that time. The predominant age group in Pallarenda is 40-49 years. Households in Pallarenda are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pallarenda work in a professional occupation. In 2011, 66.4% of the homes in Pallarenda were owner-occupied compared with 72% in 2016.
Pallarenda has 392 properties. Over the last 5 years, Houses in Pallarenda have seen a 59.97% increase in median value, while Units have seen a 17.26% increase. As at 31 October 2024:
- The median value for Houses in Pallarenda is $773,321 while the median value for Units is $449,205.
- Houses have a median rent of $510.
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