Industry Beans, 18 Proe Street,
Newstead, QLD 4006
Shops & Retail • Warehouse, Factory & Industrial • Hotel, Motel & Leisure
Key property information
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Floor area
Property extent
Tenure type
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Transact Property Group - Mooloolaba
Level 3, 41 First AvenueMAROOCHYDORE, QLD 4558
Industry Beans, 18 Proe Street
Newstead, QLD 4006
Map of Industry Beans, 18 Proe Street
Blue-Chip Inner City Freehold Investment
- Secure 10 Year Lease to 2028
- Fixed 3.5% annual rent increases
- 1.2km from Brisbane CBD
+ Long term 10 year lease to 2028 plus option to 2033
+ Annual, fixed, compounding 3.5% rent increases
+ Tenant pays all usual outgoings excluding land tax
+ Industry Bean: iconic coffee wholesaler/retailer and café network with 6 key metro sites in Melbourne, Sydney & Brisbane
+ Irreplaceable 603 sqm landholding with significant development upside (STCA)
+ Impressive 641 sqm building including mezzanine level with recent innovative capital-intensive tenant fit out – circa $2.5million
+ Strategic location in the heart of Newstead (Brisbane’s thriving inner city), ideally positioned between the popular Gasworks Shopping Centre servicing 2,267 workers and over 9,300 residents and the iconic James Street Retail Precinct (Fortitude Valley)
+ James Street retail features a diverse mix of over 110 specialty stores, located one kilometre from Brisbane’s CBD, evolving into one of Australia’s leading retail, fashion and lifestyle districts
+ Newstead/Teneriffe: One of the fastest growing regions within Brisbane with an estimated 55% of the working population under 35 years of age**
+ Estimated Net Rent: $210,163 pa
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
+ Annual, fixed, compounding 3.5% rent increases
+ Tenant pays all usual outgoings excluding land tax
+ Industry Bean: iconic coffee wholesaler/retailer and café network with 6 key metro sites in Melbourne, Sydney & Brisbane
+ Irreplaceable 603 sqm landholding with significant development upside (STCA)
+ Impressive 641 sqm building including mezzanine level with recent innovative capital-intensive tenant fit out – circa $2.5million
+ Strategic location in the heart of Newstead (Brisbane’s thriving inner city), ideally positioned between the popular Gasworks Shopping Centre servicing 2,267 workers and over 9,300 residents and the iconic James Street Retail Precinct (Fortitude Valley)
+ James Street retail features a diverse mix of over 110 specialty stores, located one kilometre from Brisbane’s CBD, evolving into one of Australia’s leading retail, fashion and lifestyle districts
+ Newstead/Teneriffe: One of the fastest growing regions within Brisbane with an estimated 55% of the working population under 35 years of age**
+ Estimated Net Rent: $210,163 pa
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
Newstead, 4006 demographic data
The median household income for Newstead is $2,325, 26% higher than Greater Brisbane's household income of $1,849. Newstead has a younger age profile compared to the rest of Greater Brisbane (median age 33 vs 36). Property ownership data shows 49% of property owners in Newstead have a mortgage.
7,496
Population
$2,325 per week
Median household income
33 years
Median age
Renters
Most residents
Families
Most households
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