OFF MARKET

655 Macarthur Avenue CENTRAL
Pinkenba QLD 4008

Bedrooms: -
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Car spaces: -
Land area: 10565m2
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Property Details for 655 Macarthur Ave Central, Pinkenba

Building Type
Commercial
Land Size
10565m2
Local Government
Brisbane
Lot/Plan
1236/SP197032

Last Listing description (August 2020)

Cushman & Wakefield is pleased to present to the market a rare opportunity to purchase a wholly leased investment in the tightly held Eagle Farm/Pinkenba precinct.

Located within the highly sought-after MacArthur Avenue precinct on the Eagle Farm/Pinkenba border the property is one of the last sites in the area to boast direct water frontage with a wet lease in place and pontoon.

Returning $580,000pa [true net] and leased to a global leader in their field the subject investment has the following key attributes.

- 3,295qm total Gross Floor Area
- 10,565sqm total site area over two lots of 8,140sqm freehold, 2,455sqm wet lease and almost 60m of river frontage
- New long term lease in place to global leaders in their field Australian Maritime Systems with long private and government contracts in the Maritime, Aviation and Defense sectors.
- Returning $580,000pa true net
- 100% of outgoings recoverable
- 6 month unconditional bank guarantee
- Strong annual review structure
- Modern tilt panel building providing further depreciation benefits
- Direct water access via pontoon

The property is located just 8 radial kilometres from the CBD with direct access to the Gateway Motorway, Brisbane Airport, Port of Brisbane and also forms an integral part of the Australian TradeCoast Precinct.

For further details contact the exclusive agents;

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Property History for 655 Macarthur Ave Central, Pinkenba, QLD 4008

A timeline of how this property has performed in the market
Last Sold
$12,300,000
05 Jul 2022
  • 05 Jul 2022
    Sold for $12,300,000
  • 20 Aug 2020
    Sold for $9,000,000
  • 11 Mar 2020
    Listed for Sale Contact Agent
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About Pinkenba 4008

The size of Pinkenba is approximately 15.8 square kilometres. It has 9 parks covering nearly 7.8% of total area. The population of Pinkenba in 2011 was 349 people. By 2016 the population was 375 showing a population growth of 7.4% in the area during that time. The predominant age group in Pinkenba is 50-59 years. Households in Pinkenba are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pinkenba work in a machinery operators and drivers occupation. In 2011, 59.2% of the homes in Pinkenba were owner-occupied compared with 55.7% in 2016.

Pinkenba has 576 properties. Over the last 5 years, Houses in Pinkenba have seen a 62.03% increase in median value, while Units have seen a 25.90% increase. As at 31 October 2024:

  • The median value for Houses in Pinkenba is $758,282 while the median value for Units is $856,132.
  • Houses have a median rent of $413.
There are currently 18 properties listed for sale, and 9 properties listed for rent in Pinkenba on OnTheHouse. According to CoreLogic's data, 23 properties were sold in the past 12 months in Pinkenba.

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