SOLD
Sold on 12 Oct 2023 for $7,100,000

1133 Ipswich Road
Yeerongpilly QLD 4105

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2499m2
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Property Details for 1133 Ipswich Rd, Yeerongpilly

Building Type
Commercial
Land Size
2499m2
Local Government
Brisbane
Lot/Plan
1/SP299468

Last Listing description (November 2023)

Burgess Rawson is pleased to offer to market BP Moorooka located at 1133 Ipswich Road, Moorooka (Brisbane) QLD for sale via Offers to Purchase.

The property has the following investment highlights:
+ Brand new ten (10) year net lease to BP Australia to 2032 plus four (4) further five (5) year options to 2052

+ BP Australia: blue-chip tenant and Australia's largest store network with 1,468 sites nationally recording a $40 billion net profit in FY22 and a market cap of $105 billion
+ Landlord favourable, net lease structure with BP responsible for all usual outgoings excluding land tax
+ High exposure 2,499sqm* main road site with substantial frontage to Ipswich Road, a major arterial road connecting Ipswich and Brisbane
+ Brand new service station, offering substantial depreciation benefits
+ Highly desirable offering - first freestanding BP taken to the market in Brisbane in over 24 months
+ Outstanding site accessibility via convenient left in left out access to Ipswich Road
+ Extremely rare and highly sought-after inner-city convenience retail investment only 7km* from the Brisbane CBD
+ First service station within 12km* when travelling north on Ipswich Road, ensuring strong fuel demand
+ Adjoining high profile National Storage - national tier 1 tenant and major driver of traffic to the site
+ Zoned General Industry A, allowing for a multitude of future development (STCA)
+ Surrounded by essential social infrastructure, including 16 schools and tertiary education facilities within a 3km radius servicing 8,095 full-time students^
+ Over 25,700 motor vehicles registered within a 3km radius representing 1.62 per household, guaranteeing fuel demand^
+ Moorooka Magic Mile: Brisbane's most recognisable and go-to location for car buyers, with over 30 dealerships on the 1.6km* stretch on Ipswich Road, directly surrounding BP Moorooka
+ Brisbane: the third largest city in Australia, with a population forecasted to grow by 15% to 2.875 million residents by 2035^^
+ Net Income: $406,550 pa* + GST

For Sale via Offers to Purchase.
Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.
^ Gapmaps
^^ WorldPopulation

Property History for 1133 Ipswich Rd, Yeerongpilly, QLD 4105

A timeline of how this property has performed in the market
Last Sold
$7,100,000
12 Oct 2023
  • 12 Oct 2023
    Sold for $7,100,000
  • 23 May 2023
    Listed for Sale Price on Request

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About Yeerongpilly 4105

The size of Yeerongpilly is approximately 1.9 square kilometres. It has 5 parks covering nearly 33.5% of total area. The population of Yeerongpilly in 2011 was 1,984 people. By 2016 the population was 1,920 showing a population decline of 3.2% in the area during that time. The predominant age group in Yeerongpilly is 20-29 years. Households in Yeerongpilly are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Yeerongpilly work in a professional occupation. In 2011, 49.4% of the homes in Yeerongpilly were owner-occupied compared with 53.2% in 2016.

Yeerongpilly has 1,031 properties. Over the last 5 years, Houses in Yeerongpilly have seen a 79.75% increase in median value, while Units have seen a 82.62% increase. As at 31 July 2024:

  • The median value for Houses in Yeerongpilly is $1,383,724 while the median value for Units is $759,731.
  • Houses have a median rent of $688 while Units have a median rent of $593.
There are currently 3 properties listed for sale, and 3 properties listed for rent in Yeerongpilly on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Yeerongpilly.

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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.