Residential
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1162 Sandgate Road,
Nundah 4012, Queensland
$2,750,000
Property details
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Agents
Multi-Tenanted Landmark Investment With Immediate Upside
Ray White Commercial Northern Corridor Group are pleased to present to the market 1162 Sandgate Road, Nundah for sale by public auction.
This multi-tenanted freehold property across two titles boasts true main street frontage in one of the more significant northside commercial precincts.
Immediate holding income from national brand tenants, proximity to nearby public transport infrastructure, and multiple potential tenancy configurations provide attractive potential for both investors and owner occupiers.
- 624m2* NLA split across 4 units situated on 918m2* allotment
- Current passing net income of $147,060.44* + GST P/A with a WALE of 1.44* years (as at 24 Oct 2022)
- Rental income lift available with current 178m2* first floor office vacancy
- Future potential income of $220,000+* net P/A based on 100% occupancy
- Currently leased to Licensed Post Office, PRD Nundah & Active Truth
- Prominent corner location with unbeatable exposure
- Heritage listed building at the rear, facing Buckland Road (Former PMG Telephone Exchange)
- Located on the corner of Sandgate Road & Buckland Road, adjacent to Nundah Village & Prince of Wales Hotel
- Value add investment opportunity in a tightly held market - Do Not Miss Out!
For further information, or to arrange an inspection, please contact Luke Hobman or Chris Massie.
*Approximately
This multi-tenanted freehold property across two titles boasts true main street frontage in one of the more significant northside commercial precincts.
Immediate holding income from national brand tenants, proximity to nearby public transport infrastructure, and multiple potential tenancy configurations provide attractive potential for both investors and owner occupiers.
- 624m2* NLA split across 4 units situated on 918m2* allotment
- Current passing net income of $147,060.44* + GST P/A with a WALE of 1.44* years (as at 24 Oct 2022)
- Rental income lift available with current 178m2* first floor office vacancy
- Future potential income of $220,000+* net P/A based on 100% occupancy
- Currently leased to Licensed Post Office, PRD Nundah & Active Truth
- Prominent corner location with unbeatable exposure
- Heritage listed building at the rear, facing Buckland Road (Former PMG Telephone Exchange)
- Located on the corner of Sandgate Road & Buckland Road, adjacent to Nundah Village & Prince of Wales Hotel
- Value add investment opportunity in a tightly held market - Do Not Miss Out!
For further information, or to arrange an inspection, please contact Luke Hobman or Chris Massie.
*Approximately
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School catchments
- Mary MacKillop College Secondary 7-12 Catholic 0.17km
- Nundah State School Primary Prep-6 Government 0.20km
- St Joseph's School Primary Prep-6 Catholic 0.33km
- Northgate State School Primary Prep-6 Government 1.2km
- Aviation High Secondary 7-12 Government 1.3km
- Eagle Junction State School Primary Prep-6 Government 1.9km
- Clayfield College Combined Prep-12 Independent 2.0km
- Our Lady Help of Christians School Primary Prep-6 Catholic 2.1km
- Virginia State School Primary Prep-6 Government 2.2km
- Our Lady of the Angels' School Primary Prep-6 Catholic 2.2km
- Wavell State High School Secondary 7-12 Government 2.3km
- Kedron State High School Secondary 7-12 Government 2.4km
- Hendra State School Primary Prep-6 Government 2.4km
- St Rita's College Combined 5-12 Catholic 2.5km
- Kedron State School Primary Prep-6 Government 2.5km
- St Agatha's Primary School Primary Prep-6 Catholic 2.6km
- Wavell Heights State School Primary Prep-6 Government 2.6km
- Wooloowin State School Primary Prep-6 Government 2.8km
- Holy Cross School Primary Prep-6 Catholic 3.1km
- St Margaret's Anglican Girls School Combined Prep-12 Independent 3.2km
- Mount Alvernia College Secondary 7-12 Catholic 3.2km
- Earnshaw State College Combined Prep-12 Government 3.4km
- Padua College Combined 5-12 Catholic 3.5km
- St Joseph's Nudgee College Combined 5-12 Catholic 4.9km
- Craigslea State High School Secondary 7-12 Government 4.9km
- Mastery Schools Australia - Taigum Secondary Temporary Facility Secondary Independent 5.9km
- Fortitude Valley State Secondary College Secondary 7-12 Government 6.0km
- Jabiru Community College Secondary 10-12 Independent 6.0km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.
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