SOLD
Sold on 18 Jun 2024 for $3,760,000

67 Proprietary Street
Tingalpa QLD 4173

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 960m2
Land area: 2126m2
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Property Details for 67 Proprietary St, Tingalpa

Building Type
Commercial
Floor Size
960m2
Land Size
2126m2
Local Government
Brisbane
Lot/Plan
15/RP186642

Last Listing description (December 2022)

Burgess Rawson is pleased to offer to the market the PFD Foods (Woolworths) Portfolio, for sale via Investment Portfolio Auction 157.

This investment has the following key investment highlights:

+ Leased to subsidiary of Woolworths Group Ltd (ASX: WOW), PFD Foods to 2026 plus options to 2046.

+ Woolworths Group is Australia's #1 retailer, with sales of $60.9 billion in FY2022 (1).
+ PFD Foods is one of Australia's largest food service distributors and part of Woolworths' B2B Food division with Q1 FY23 sales up 26%.
+ Attractive landlord-favourable, net lease structure; PFD Foods (Woolworths) pay rates, land tax, building insurance, public liability insurance, management fees and repairs and maintenance.
+ Guaranteed rental growth with fixed annual rent increases.
+ Well utilised 2,126sqm freehold landholding with 32% site coverage providing ample parking and truck access.
+ Rare to market Cold Storage Investment.
+ Tingalpa: Affluent inner-city suburb of Brisbane with a house price growth of 30.6% over the past 12 months
+ Net income: $133,640pa + GST.

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 6 December 2022
Yallamundi Rooms, Sydney Opera House

12 other PFD Foods (Woolworths) freehold investments are also available.

Please contact the exclusively appointed Burgess Rawson team for more information.

Property History for 67 Proprietary St, Tingalpa, QLD 4173

A timeline of how this property has performed in the market
Last Sold
$3,760,000
18 Jun 2024
  • 18 Jun 2024
    Sold for $3,760,000
  • 06 Dec 2022
    Sold for $2,670,000
  • 10 Nov 2022
    Listed for Sale Contact Agent
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About Tingalpa 4173

The size of Tingalpa is approximately 8.9 square kilometres. It has 23 parks covering nearly 32.9% of total area. The population of Tingalpa in 2011 was 8,539 people. By 2016 the population was 8,294 showing a population decline of 2.9% in the area during that time. The predominant age group in Tingalpa is 30-39 years. Households in Tingalpa are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tingalpa work in a professional occupation. In 2011, 70.5% of the homes in Tingalpa were owner-occupied compared with 71% in 2016.

Tingalpa has 3,894 properties. Over the last 5 years, Houses in Tingalpa have seen a 81.83% increase in median value, while Units have seen a 100.02% increase. As at 31 October 2024:

  • The median value for Houses in Tingalpa is $972,223 while the median value for Units is $701,693.
  • Houses have a median rent of $680 while Units have a median rent of $460.
There are currently 16 properties listed for sale, and 12 properties listed for rent in Tingalpa on OnTheHouse. According to CoreLogic's data, 155 properties were sold in the past 12 months in Tingalpa.

Suburb Insights for Tingalpa 4173

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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.