12 Old Cleveland RoadStones Corner QLD 4120
Property Details for 12 Old Cleveland Rd, Stones Corner
Last Listing description (June 2024)
Multi-level Residential and commercial mix free-standing building in the heart of Stones Corner.
12 Old Cleveland Road is in an unbeatable location with massive existing and building development underway. Set to go boom, and with the Olympics coming, don't miss out on this once-in-a-generation opportunity.
This property is set among a plethora of restaurants, cafes and hotels and an abundant transport hub; representing a superb cash flow and future development opportunity, all with the benefit of being just 3kms to Brisbane CBD, a short walk to train and bus stations, double street access from both Old Cleveland Road and Alice Place. This property also has the potential for further development, with the original design engineered for an additional three levels, subject to council approvals.
This mixed-use free-standing building presents 10 immaculate residential studio apartments spread across three levels, all with long-term tenants in place! On the top level, there is an outstanding, newly renovated three-bedroom Penthouse and a rooftop deck with outstanding panoramic views. There is a recently renovated office space on the street level with excellent, direct shop exposure and access to the bustling Old Cleveland Road. In addition, a large rooftop billboard brings in over $22,000 per year alone with a secure 5-year contract in place!
**Please note this property is being sold as a complete building, not individual apartments.
Other key features:
- Commercial use office on the ground floor
- Luxury Penthouse on top floor
- 10 immaculate and well maintained fully tenanted studio apartments
- Exceptional investment opportunity in a prime location
- Outstanding exposure for commercial use
- 6 secure carparks with rear carpark access from Alice Place
- Gross income currently returning approx $280,000 per annum
- Potential to further develop (subject to BCC approval)
- Large rooftop Digital Billboard bringing in extra, reliable income
- Short walk to Bus Terminal
Stones Corner is a high-density urban area with extraordinary development underway and, most importantly, surrounded by future flagged residential and commercial developments. It is a transport hub centre with one of Brisbane's best parks only a short walk away.
If you are looking towards the future, number 12 Old Cleveland Road is a blue-chip investment.
Area features:
- Hanlon Park - a short walk away
- Pacific Motorway - 1km
- Buranda train station - 800m
- Buranda Busway Station - 200m
- Stones Corner Shopping Precinct - with a plethora of shops, cafes, hotels and restaurants is at your door
- Buranda Village Shopping redevelopment - 1.7km
2032 Olympic Key Infrastructure:
- Gabba redevelopment 2.0km
- Cross River rail precinct - 3.0km
- Eagle Street Pier redevelopment - 5km
Please contact us for a full property brief and bank valuation. With an unbeatable, outstanding location, this opportunity will not last long!
This is truly a one-of-a-kind prime investment opportunity!
Contact Agents:
Annie Hayes
0402 859 467
Sandie-Leigh Edwards
0456 447 813
Property History for 12 Old Cleveland Rd, Stones Corner, QLD 4120
- 12 Apr 2024Sold for $3,715,000
- 15 Aug 2019Listed for Rent $290 / week
- 06 Mar 2019Listed for Sale Contact Agents
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About Stones Corner 4120
The population of Stones Corner in 2011 was 8,564 people. By 2016 the population was 8,939 showing a population growth of 4.4% in the area during that time. The predominant age group in Stones Corner is 20-29 years. Households in Stones Corner are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Stones Corner work in a professional occupation. In 2011, 42.5% of the homes in Stones Corner were owner-occupied compared with 40.8% in 2016.
Stones Corner has 1,665 properties. Over the last 5 years, Houses in Stones Corner have seen a 62.60% increase in median value, while Units have seen a 81.58% increase. As at 31 October 2024:
- The median value for Houses in Stones Corner is $1,254,657 while the median value for Units is $734,109.
- Houses have a median rent of $595 while Units have a median rent of $595.
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