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Ray White Commercial - Queensland
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25 Caxton Street Petrie Terrace, QLD 4000

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For Sale - Auction Fri 14 Dec

25 Caxton Street Petrie Terrace, QLD 4000

Shop & Retail
Sale Price

Auction

Land area

350.0m²

Floor area

395.0m²

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$90,540
Number of Tenants
1 Tenant

Auction -

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High Street Freestanding Investment - 100% Tenanted For Over 30 Years

  • 100% tenanted for over 30 years
  • 5 year net lease
  • High street location

Ray White Commercial (QLD) are pleased to exclusively offer 25 Caxton Street, Petrie Terrace QLD for sale by Auction on Friday 14 December 2018, 10:15am at Level 26, 111 Eagle Street, Brisbane City QLD.

This is a rare opportunity to acquire a high street freestanding retail investment that has been 100% tenanted for over 30 years.

Previously tenanted by the award winning Rags Garden Restaurant, this property offers a rich history and is now tenanted by Enzo & Sons, the latest brainchild of the highly experienced restaurateurs Jamie and Siarah Webb.

Jamie & Siarah have a proven track record including the famous Lefty's Old Time Music Hall (15 Caxton Street) and Seymour's Cocktails and Oysters (19 Caxton Street).

Key Investment Attributes:

• 5 year net lease to 31 August 2022 + options to 2032

• 296sqm** building area comprising 120 seat restaurant/bar and first floor self contained apartment

• Expansive 99sqm** undercover beer garden with bar/pizza oven

• Dominant 350sqm* land parcel with exposure to over 17,200 cars passing daily^

• 200m* to Suncorp Stadium and 500m* to $5 billion Cross River Rail and $2 billion Brisbane Live developments

• Affluent precinct with household income levels 34% above the QLD average^^

• Fixed 3.5% annual increases underpinned by a 3 month bank guarantee

• Net income of $90,540* + GST p.a.

*Approximately

**Estimate only based on building plans

^Sitewisely

^^Location IQ

Property ID: 503025710Last Updated: 7 Dec 2018

0447 *** ***
Ray White Commercial - Queensland
25 Caxton Street
Petrie Terrace, QLD 4000
Michael Feltoe

Ray White Commercial - Queensland

Level 26, 111 Eagle Street
BRISBANE CITY, QLD 4000

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Ray White Commercial - Queensland

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Ray White Commercial - Queensland

Level 26, 111 Eagle Street
BRISBANE CITY, QLD 4000
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Michael Feltoe

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Michael Feltoe
Ray White Commercial - Queensland
25 Caxton Street Petrie Terrace, QLD 4000

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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