SOLD
Sold on 09 Sep 2024 for $725,000

4/152 Musgrave Road
Red Hill QLD 4059

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 70m2
Land area: 70m2
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Property Details for 4/152 Musgrave Rd, Red Hill

Building Type
Commercial
Floor Size
70m2
Land Size
70m2
Local Government
Brisbane
Lot/Plan
4/BUP7209

Last Listing description (March 2021)

Located less than 2km's from Brisbane's CBD and located in a popular shopping centre servicing the Red Hill precinct, this strata tenancy has been operating as a bakery for over 33 years.

* 70 sqm
* Great exposure with 27,224 cars driving by every day

* Ample (44 car) customer parking with 1 allocated car park for tenancy
* Currently leased at $54,899 + GST gross p/a (Lease commenced 1/12/2019)
* 2019/2020 outgoings = $9,556
* The shop is fitted out including a walk in cold room and 3 deck oven
* The Red Hill Centre includes a Chemist, Liquorland, 7 Eleven, Fish & Chip Shop and a popular Indian Restaurant
* This commercial property would make a wise addition to your SMSF

To arrange an inspection please contact exclusive agents Your Commercial.

* Approx. figures only

Property History for 4/152 Musgrave Rd, Red Hill, QLD 4059

A timeline of how this property has performed in the market
Last Sold
$725,000
09 Sep 2024
Listed for Rent
04 Dec 2019
  • 09 Sep 2024
    Sold for $725,000
  • 10 Dec 2020
    Sold for $700,000
  • 19 Nov 2020
    Listed for Sale Contact Agent
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About Red Hill 4059

The size of Red Hill is approximately 140.9 square kilometres. It has 7 parks covering nearly 0.3% of total area. The population of Red Hill in 2011 was 5,546 people. By 2016 the population was 5,565 showing a population growth of 0.3% in the area during that time. The predominant age group in Red Hill is 20-29 years. Households in Red Hill are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation. In 2011, 50.6% of the homes in Red Hill were owner-occupied compared with 50.5% in 2016.

Red Hill has 2,786 properties. Over the last 5 years, Houses in Red Hill have seen a 74.64% increase in median value, while Units have seen a 44.09% increase. As at 31 October 2024:

  • The median value for Houses in Red Hill is $1,611,831 while the median value for Units is $699,439.
  • Houses have a median rent of $720 while Units have a median rent of $505.
There are currently 24 properties listed for sale, and 23 properties listed for rent in Red hill on OnTheHouse. According to CoreLogic's data, 108 properties were sold in the past 12 months in Red hill.

Suburb Insights for Red Hill 4059

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.