264 Rode RoadWavell Heights QLD 4012
Property Details for 264 Rode Rd, Wavell Heights
Last Listing description (December 2024)
RWC Retail are proud to present 264 Rode Road, Wavell Heights. For Sale by Auction on Friday 29th November, 9:45am (AEST) at Level 26, 111 Eagle Street, Brisbane City.
|What|
• Fully leased 220sqm* retail centre with just three tenants
• Strong 3.96 year WALE
• Passive net leases, with tenants paying for all the usual outgoings
• Fully Leased Net Income of $120,452 + GST p.a.
|Where|
• Prominent corner land parcel with exposure to over 172,000 vehicles weekly
• Positioned in the heart of Wavell Heights, just 8km* from the Brisbane CBD,
• Located at the intersection of two major roads, in close proximity to 3 schools and major retail & medical precincts
|Why|
• Landlord favourable annual rent increases of CPI and 4%
• Longstanding tenant history, with two tenants occupying for over 16 years
• An affordable, low-maintenance property makes this an ideal entry-level investment
• High profile corner with outstanding positioning on a busy intersection between two major roads.
• 6 on-site parking bays, providing convenient customer access
Property History for 264 Rode Rd, Wavell Heights, QLD 4012
- 02 Dec 2024Sold - Price Undisclosed
- 01 Nov 2024Listed for Sale Auction 29 November 2024 9:45am
- 27 Sep 2023Listed for Rent - Price not available
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About Wavell Heights 4012
The size of Wavell Heights is approximately 4.1 square kilometres. It has 19 parks covering nearly 16.6% of total area. The population of Wavell Heights in 2011 was 9,434 people. By 2016 the population was 9,691 showing a population growth of 2.7% in the area during that time. The predominant age group in Wavell Heights is 40-49 years. Households in Wavell Heights are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wavell Heights work in a professional occupation. In 2011, 71.4% of the homes in Wavell Heights were owner-occupied compared with 70.6% in 2016.
Wavell Heights has 4,274 properties. Over the last 5 years, Houses in Wavell Heights have seen a 86.20% increase in median value, while Units have seen a 73.44% increase. As at 30 November 2024:
- The median value for Houses in Wavell Heights is $1,333,296 while the median value for Units is $651,214.
- Houses have a median rent of $695 while Units have a median rent of $500.
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