SOLD
Sold on 02 Aug 2024 for $975,000

12/149 Colburn Avenue
Victoria Point QLD 4165

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 105m2
Land area: 169m2
Sold By
Stalwart Real Estate
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Property Details for 12/149 Colburn Ave, Victoria Point

Building Type
Commercial
Year Built
2000
Floor Size
105m2
Land Size
169m2
Local Government
Redland
Lot/Plan
12/SP118022

Last Listing description (August 2024)

Submit your best offer now!
Offers closing on 24/Jul/2024 at 12:00PM. (AEST),

Stalwart Real Estate proudly presents this rare 169m2 "Retail Investment Opportunity" an excellent ground level frontage retail unit for sale.

Unit 12, Pelicans Nest Shopping Centre, 149 Colburn Ave, Victoria Point is available for purchase.

This is a rare opportunity to acquire property in a thriving mixed-use location within the beachside precinct of Victoria Point. The centre is home to long-term successful businesses including Foodworks, Doctors, Pharmacy, Post Office, News Agency, Bakery, BWS, Restaurant and much more.

Currently tenanted by a long-standing medical practice, this property is suitable for an investor or future owner-occupier, with the current lease.

Blue Chip Investment:
- Long term lease.
- Next Rent Review: January 2025, based on market conditions.

Key Features:
- Internal ground level area of approximately 169sqm.
- Fully partitioned.
- Reception area, 5 Consultation rooms plus storage.
- Treatment room
- Airconditioned.
- On-site kitchen and powder room.

For more information or to arrange an inspection, contact Dinesh Sangroha on 0414 000 044.

DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly, all interested parties should make their own inquiries to verify the information.

Property History for 12/149 Colburn Ave, Victoria Point, QLD 4165

A timeline of how this property has performed in the market
Last Sold
$975,000
02 Aug 2024
  • 02 Aug 2024
    Sold for $975,000
  • 26 Jun 2024
    Listed for Sale Offer closing 24/Jul/2024, 12:00PM (AEST)
  • 07 Dec 2021
    Sold for $770,000
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About Victoria Point 4165

The size of Victoria Point is approximately 13.4 square kilometres. It has 37 parks covering nearly 17.3% of total area. The population of Victoria Point in 2011 was 14,816 people. By 2016 the population was 15,012 showing a population growth of 1.3% in the area during that time. The predominant age group in Victoria Point is 50-59 years. Households in Victoria Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Victoria Point work in a trades occupation. In 2011, 68.5% of the homes in Victoria Point were owner-occupied compared with 67.8% in 2016.

Victoria Point has 6,673 properties. Over the last 5 years, Houses in Victoria Point have seen a 80.41% increase in median value, while Units have seen a 77.18% increase. As at 31 October 2024:

  • The median value for Houses in Victoria Point is $969,831 while the median value for Units is $634,145.
  • Houses have a median rent of $670 while Units have a median rent of $545.
There are currently 64 properties listed for sale, and 15 properties listed for rent in Victoria point on OnTheHouse. According to CoreLogic's data, 400 properties were sold in the past 12 months in Victoria point.

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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.