32 Chester Street,
Newstead, QLD 4006
Shops & Retail
Price information
Sold
$2,060,000
Key property information
Floor area
Tenure type
Sold on
Map of 32 Chester Street
SOLD BY C PROPERTY!
This fully leased freestanding building located just 2 streets from the popular James Street, 1.5 KM from the Brisbane CBD.
Key features of this opportunity include:
• Land area – 331 sqm with future development upside
• Building area – 340 sqm over 2 levels with potential for dual tenancies
• Fully refurbished and fitted out as a commercial kitchen/café/bar
• Leased to successful operator ‘Chester Street Bakery’ on a 7 + 7 + 7 year lease commenced 1/10/2015 ( http://www.chesterstreet.com.au/ )
• Current net return of $140,400 p.a, with rent to be increased to $145,600 p.a on 1st October 2017
This is an extremely rare opportunity to purchase a bite sized investment leased to a secure tenant in the James Street Precinct, arguably Brisbane’s most sought after & tightly held location.
Key features of this opportunity include:
• Land area – 331 sqm with future development upside
• Building area – 340 sqm over 2 levels with potential for dual tenancies
• Fully refurbished and fitted out as a commercial kitchen/café/bar
• Leased to successful operator ‘Chester Street Bakery’ on a 7 + 7 + 7 year lease commenced 1/10/2015 ( http://www.chesterstreet.com.au/ )
• Current net return of $140,400 p.a, with rent to be increased to $145,600 p.a on 1st October 2017
This is an extremely rare opportunity to purchase a bite sized investment leased to a secure tenant in the James Street Precinct, arguably Brisbane’s most sought after & tightly held location.
Property ID: 502368874Last Updated: 21 Feb 2019
0422 804 4...
32 Chester Street
Newstead, QLD 4006
C Property QLD - Inner-City Brisbane2/18 Bank Street
WEST END, QLD 4101
WEST END, QLD 4101
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
88 Doggett Street,Newstead, QLD 4006 203 m²Shops & Retail • Offices • Showrooms & Large Format Retail
Contact Agent
Emporium, 1000 Ann Street,Fortitude Valley, QLD 4006 200 - 400 m²Shops & Retail • Hotel, Motel & Leisure • Showrooms & Large Format Retail