1/7-11 Brown Street,
Labrador, QLD 4215
Shops & Retail
Key property information
Land area
Floor area
Property extent
Tenure type
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CBRE - Gold Coast
Level 18, 50 Cavill AvenueSURFERS PARADISE, QLD 4217
07 5581 20...
1/7-11 Brown Street
Labrador, QLD 4215
Map of 1/7-11 Brown Street
10 YEAR NET LEASE TO CELLARBRATIONS
- Tenanted investment property
- 10 year lease with 2x5 year Options
- Strong performing tenant
TENANTED INVESTMENT PROPERTY WITH LONG 10 YEAR LEASE PLUS 2x5 YEAR OPTIONS
- $103,887pa net income
- Lease expiry June 2031
- Fixed 3.5% annual increases
- Strong performing tenant
CBRE Metropolitan Investments is pleased to offer this tenanted investment opportunity with an annual net return of $103,887pa and another nine years remaining on a 10-year lease.
Trading as Cellarbrations Labrador this strong performing bottle shop occupies a prominent corner location within a diversified retail shopping strip. The retail strip is adjacent to Aldi and provides the typical specialty retailers that traditionally abut a major supermarket. The bottle shop has been trading from this location for over 20 years.
The new owners will benefit from fixed 3.5% annual rent increases and a fully net lease.
Labrador has seen an extraordinary growth in the median house sale price with an increase from December 2020 to November 2021 of 19.47%. During the same period there has been a 13.19% increase in the median unit price.
The area continues to attract young professionals and young families due to the affordability and variety of housing within such a centrally located area. The connectedness of Labrador to the beach, Brisbane, Surfers Paradise and to schools, hospitals and shopping precincts provides an incredibly affordable Gold Coast lifestyle.
For an Information Memorandum or to arrange a confidential inspection please contact the exclusive selling agents.
(All areas, outlines, figures are approximate only)
- $103,887pa net income
- Lease expiry June 2031
- Fixed 3.5% annual increases
- Strong performing tenant
CBRE Metropolitan Investments is pleased to offer this tenanted investment opportunity with an annual net return of $103,887pa and another nine years remaining on a 10-year lease.
Trading as Cellarbrations Labrador this strong performing bottle shop occupies a prominent corner location within a diversified retail shopping strip. The retail strip is adjacent to Aldi and provides the typical specialty retailers that traditionally abut a major supermarket. The bottle shop has been trading from this location for over 20 years.
The new owners will benefit from fixed 3.5% annual rent increases and a fully net lease.
Labrador has seen an extraordinary growth in the median house sale price with an increase from December 2020 to November 2021 of 19.47%. During the same period there has been a 13.19% increase in the median unit price.
The area continues to attract young professionals and young families due to the affordability and variety of housing within such a centrally located area. The connectedness of Labrador to the beach, Brisbane, Surfers Paradise and to schools, hospitals and shopping precincts provides an incredibly affordable Gold Coast lifestyle.
For an Information Memorandum or to arrange a confidential inspection please contact the exclusive selling agents.
(All areas, outlines, figures are approximate only)
Labrador, 4215 demographic data
The median household income for Labrador is $1,188, 21% lower than Regional Queensland's household income of $1,507. Labrador has an older age profile compared to the rest of Regional Queensland (median age 45 vs 41). Property ownership data shows 51% of property owners in Labrador have a mortgage.
18,643
Population
$1,188 per week
Median household income
45 years
Median age
Owners
Most residents
Families
Most households
CBRE - Gold CoastLevel 18, 50 Cavill Avenue
SURFERS PARADISE, QLD 4217
SURFERS PARADISE, QLD 4217
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