242 Brisbane StreetWest Ipswich QLD 4305
Property Details for 242 Brisbane St, West Ipswich
Last Listing description (November 2018)
242 Brisbane Street comprises a fully leased brand new retail centre dual-anchored by Puma Energy and Hungry Jacks (underwriting 63%* of the Centre s gross income) and supported by four national brand tenants: Zarraffa s Coffee, Snap Fitness, TSG Tobacco and Sunshine Kebabs. The property incorporates three adjacent buildings and a service station canopy plus two drive-thru facilities for both Hungry Jack s and Zarraffa s tenancies. Convenient car parking is provided for 66* vehicles on site.
242 Brisbane Street is located in the established suburb of West Ipswich in Brisbane s western growth corridor, one of the fastest growing regions in Queensland. The Centre is situated diagonally opposite Bunnings Warehouse and occupies an easily accessible, high exposure main road location at the traffic light controlled intersection of Brisbane Street and Clay Street, within 1* radial kilometre from the Ipswich CBD and 31* radial kilometres south-west of the Brisbane CBD.
Key attributes include:
- Comprising a Puma Energy Service Station, Hungry Jack's, Zarraffa's, Snap Fitness, TSG Tobacco & Sunshine Kebabs
- Long term lease expiry profile (WALE) 12.75* years by income
- 100% leased with guaranteed rental growth
- All leases feature fixed annual reviews of up to 4%
- High profile, main road corner location opposite Bunnings Warehouse in Brisbane's western growth corridor
- Site Area: 5,854sq m*
- Lettable Area: 1,497sq m* (includes fuel canopy)
- Estimated Net Income $868,819pa*
*Approx
For Sale by Negotiation
Property History for 242 Brisbane St, West Ipswich, QLD 4305
- 16 Aug 2018Sold for $14,300,000
- 10 Oct 2017Listed for Sale For Sale by Negotiation
- 23 Jun 2017Listed for Rent - Price not available
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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 97.00% increase in median value, while Units have seen a 89.84% increase. As at 31 August 2024:
- The median value for Houses in West Ipswich is $683,821 while the median value for Units is $433,096.
- Houses have a median rent of $380 while Units have a median rent of $260.
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