SOLD
Sold on 31 Oct 2023 for $2,405,000

13 Hooper Street
West Ipswich QLD 4305

Bedrooms: -
Bathrooms: -
Car spaces: 12
Land area: 1122m2
Sold By
Stonebridge Property Group Pty Ltd
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Property Details for 13 Hooper St, West Ipswich

Building Type
Commercial
Land Size
1122m2
Local Government
Ipswich
Lot/Plan
3/SP268084

Last Listing description (November 2023)

Stonebridge National Investment Sales is pleased to present Bridgestone West Ipswich (Brisbane) for sale via National Portfolio Auction on Tuesday 31 October at 11am (AEDT).

The asset boasts the following key investment features:


- Secure 10 year net lease to 2028 + options to 2045 with favourable uncapped CPI increases

- Bridgestone Australia Limited Subsidiary of Tokyo listed Bridgestone Corporation with 300+ locations nationwide and $44 Billion market capitalisation

- Well configured site with 12 car parks, seamlessly integrated with neighbouring 7-Eleven, Anaconda, Carl's Jr. & Wattyl Paints

- Modern, purpose built Bridgestone Select Tyre & Auto Centre featuring the global company's latest corporate branding, internal equipment and technology, offering strong depreciation benefits

- Prominent building and totem signage providing excellent exposure to wider precinct and major Brisbane Street signalised intersection (25,573+ vehicles daily)

- High profile retail and trade services location amongst Bunnings, Spotlight, IGA, Chemist Warehouse, McDonald's, Hungry Jack's, TK Maxx, Repco & Tradelink

- West Ipswich Rapidly expanding Brisbane suburb 30 km* from CBD, part of Queensland's fastest growing municipality with population forecast to reach 520,000+ residents by 2041

- Tyre & Auto One of Australia's most sought after asset classes due to its favourable nondiscretionary characteristics and security of lease covenants

- Net Lease Tenant pays all usual outgoings including Land Tax

- Net Income $120,461 pa* + GST

Bridgestone West Ipswich (Brisbane) is for sale via National Portfolio Auction on Tuesday 31 October at 11am (AEDT).

Please contact the exclusively appointed Stonebridge property professionals for more information.

*Approximately

Property Code: 781

Property History for 13 Hooper St, West Ipswich, QLD 4305

A timeline of how this property has performed in the market
Last Sold
$2,405,000
31 Oct 2023
  • 31 Oct 2023
    Sold for $2,405,000
  • 03 Oct 2023
    Listed for Sale Contact the Stonebridge Team

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About West Ipswich 4305

The size of West Ipswich is approximately 0.7 square kilometres. It has 2 parks covering nearly 0.1% of total area. The population of West Ipswich in 2011 was 464 people. By 2016 the population was 489 showing a population growth of 5.4% in the area during that time. The predominant age group in West Ipswich is 20-29 years. Households in West Ipswich are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Ipswich work in a professional occupation. In 2011, 33.2% of the homes in West Ipswich were owner-occupied compared with 40.5% in 2016.

West Ipswich has 314 properties. Over the last 5 years, Houses in West Ipswich have seen a 97.01% increase in median value, while Units have seen a 99.95% increase. As at 31 July 2024:

  • The median value for Houses in West Ipswich is $676,422 while the median value for Units is $413,707.
  • Houses have a median rent of $380 while Units have a median rent of $260.
There are currently 3 properties listed for sale, and 3 properties listed for rent in West ipswich on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in West ipswich.

Suburb Insights for West Ipswich 4305

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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.