171 Redcliffe Parade,
Redcliffe, QLD 4020

Shops & Retail

Key property information

Land area

Floor area

Parking info

Property extent

Zoning

Municipality

Tenure type

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Map of 171 Redcliffe Parade

Directions

Rare Oceanfront Investment - National Tenant

Multi-Storey Redevelopment Zoning
Absolute Ocean Front Location
National Tenant

7 year lease to 2020 plus 7 year option to 2027
Direct lease to The Coffee Club (Properties) Pty Ltd
The Coffee Club: established 1989 and currently operating 400 stores in 9 countries
Oceanfront reserve freehold property overlooking Redcliffe Pier
Long term redevelopment potential to 12 storeys (STCA)
Large 332 sqm premises on 405 sqm land – plus exclusive use of street front alfresco dining area
Rear lane entry accessing parking for up to 6 vehicles
Stunning views to Moreton Island
High traffic Brisbane seaside tourism precinct
Neighbouring tenants include Chemist Warehouse, Vast Interiors, Subway, Banjo's and others
Tenant pays all outgoings as per lease
Easily managed single tenant investment
Valuable 3% per annum rental increases
Net Income: $156,088.88 p.a. as at 1 Sept. 2018 (Excl. GST & Incl. Land Tax)

Auction to be held on Tuesday 31 July 2018 at 11am AEST
Venue: Doltone House, Hyde Park - 181 Elizabeth Street, Sydney

Redcliffe, 4020 demographic data

The median household income for Redcliffe is $1,114, 40% lower than Greater Brisbane's household income of $1,849. Redcliffe has an older age profile compared to the rest of Greater Brisbane (median age 52 vs 36). Property ownership data shows 39% of property owners in Redcliffe have a mortgage.

10,460

Population

$1,114 per week

Median household income

52 years

Median age

Owners

Most residents

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Most households