670 Macarthur Avenue CENTRALPinkenba QLD 4008
Property Details for 670 Macarthur Ave Central, Pinkenba
Last Listing description (May 2023)
Cushman Wakefield and CBRE are please to present to the market a rare opportunity to purchase a wholly leased investment in the tightly held Eagle Farm/Pinkenba precinct.
Returning $767,083.43pa true net the subject property has the following key attributes;
- 5,577sqm total GFA across two buildings
- Leased to ASX listed Coventry Group and future ASX listed Reliance Worldwide (slated 2016)
- WALE of 3.53 years
- Strong review structure across both tenants of 3.5% and 3% per annum
- Modern tilt panel buildings providing further depreciation benefits
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.
The property is being offered for sale VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 5TH MAY 2016 AT 5PM
For further details or to arrange an inspection please contact the exclusive agents, Edward Bull of CBRE and Michael Callow of Cushman & Wakefield.
Property History for 670 Macarthur Ave Central, Pinkenba, QLD 4008
- 28 Jun 2023Sold for $16,200,000
- 03 Feb 2021Listed for Rent - Price not available
- 01 Aug 2019Listed for Rent - Price not available
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0About 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.
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