SOLD
Sold on 19 Jan 2024 for $5,000,000

70 Raynham Street
Salisbury QLD 4107

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1295m2
Land area: 6417m2
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Property Details for 70 Raynham St, Salisbury

Building Type
Commercial
Floor Size
1295m2
Land Size
6417m2
Local Government
Brisbane
Lot/Plan
8402/B31442

Last Listing description (September 2023)

Blue Commercial and Cushman & Wakefield are pleased to exclusively present this exciting investment opportunity in the heart of one of Brisbane's traditional industrial precincts. 70 Raynham Street, Salisbury is a multi-tenanted land rich investment offered for sale via Expressions of Interest.

This infill property has 3,214m2* of total building area situated on a 6,417m2* corner block of land and is home to multiple tenants returning an annual passing income of $337,936.38*. It is located in the history rich industrial suburb of Salisbury approximately 13km south of the Brisbane CBD.


A few key features include:

- 3,214m2* of GLA on a 6,417m2* corner site block
- Five tenants producing a current annual passing income of $337,936.38*
- Opportunity for significant rental uplift for the prospective buyer
- Suitable for future development upside (STCA)
- In proximity to major arterials such as the Pacific Motorway, Ipswich Motorway, and Beaudesert Road
- Zoned IN1 Industry (General industry A)
- Flexible tenancy options

All offers on this property must be submitted by 4:00pm on Thursday the 31st of August 2023.

To find out more, or to book an inspection, please reach out to the exclusive agents below.

*approx

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Property History for 70 Raynham St, Salisbury, QLD 4107

A timeline of how this property has performed in the market
Last Sold
$5,000,000
19 Jan 2024
Listed for Rent
$1.74k/w
16 Jan 2015
  • 19 Jan 2024
    Sold for $5,000,000
  • 02 Aug 2023
    Listed for Sale Contact Agents
  • 16 Jan 2015
    Listed for Rent $90,650 / year
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About Salisbury 4107

The size of Salisbury is approximately 4.6 square kilometres. It has 10 parks covering nearly 14.9% of total area. The population of Salisbury in 2011 was 6,096 people. By 2016 the population was 6,289 showing a population growth of 3.2% in the area during that time. The predominant age group in Salisbury is 30-39 years. Households in Salisbury are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Salisbury work in a professional occupation. In 2011, 67.8% of the homes in Salisbury were owner-occupied compared with 67.1% in 2016.

Salisbury has 3,026 properties.

    There are currently 20 properties listed for sale, and 13 properties listed for rent in Salisbury on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in Salisbury.

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