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Sold

1/11 Ellenborough Street,
Woodend 4305, Queensland

567m² building size
Retail

$1,900,000

Property details

SOLD BY MORRIE MARSDEN & ABRAHAM SAMMUT

STRONG 7% NET YIELD

• Secure Lease Until 2032 with Two Further 5-Year Options (Up to 2042)
• Strong NET YIELD of 6.98%
• Net Return: $150,000 Per Annum + GST + Outgoings
• 567sqm of Net Lettable area

Morrie Marsden and Abraham Sammut are pleased to present Lot 1 / 11 Ellenborough Street, Ipswich, an exceptional investment opportunity in one of Queensland's fastest-growing regions.

This iconic Ipswich landmark boasts an impressive 147-years history and is home to the highly regarded Bakehouse Steakhouse, a renowned dining destination with a strong local and regional following. The property benefits from a brand-new, secure 7-year lease with options extending up to 2042, ensuring long-term income stability and a true set-and-forget investment.

Prime Location & Growth Potential:

Strategically located within the Ipswich Central, this property is positioned for sustained capital appreciation and rental growth. Ipswich Central is undergoing significant urban renewal, driven by substantial public and private investment, including:

• The $250 million Nicholas Street Precinct redevelopment, delivering a new civic space, retail and dining offerings, entertainment precinct, public library, and Ipswich City
Council administration headquarters
• The revitalisation of Ipswich Central, attracting increased foot traffic and enhancing the city's appeal as a commercial and lifestyle hub
• Proximity to major infrastructure, including Ipswich Train Station, major road networks, and The Oaks Residential Tower, further strengthening the property's desirability
• Ipswich is experiencing unprecedented growth, making it an increasingly attractive destination for investors seeking strong returns and long-term value

WHY IPSWICH:

• Population Growth - Ipswich's population has surpassed 260,000 and is projected to reach 480,000 by 2041 (ShapingSEQ 2023)
• Economic Strength - The city's Gross Regional Product (GRP) has reached an all-time high of $13.73 billion, underpinned by strong employment, infrastructure investment,
and private sector confidence
• Queensland's Fastest-Growing City - Ipswich continues to be the state's fastest growing region and ranks among Australia's top 10 fastest growing cities

A Secure and Strategic Investment:

With a long-term lease to a well-established tenant, a high-yield return, and a prime location in a thriving commercial and residential precinct, this is a rare opportunity to acquire a premium freehold asset in a high-demand market.

Asking Price: $2,150,000.

Contact Morrie Marsden on 0417 636 571 or Abraham Sammut on 0411 399 389 today.

Explore the area

School catchments

  • St Mary's Primary School Primary Prep-6 Catholic 0.11km
  • St Edmund's College Combined 5-12 Catholic 0.44km
  • Ipswich Grammar School Combined Prep-12 Independent 0.54km
  • Blair State School Primary Prep-6 Government 0.89km
  • Ipswich West State School Primary Prep-6 Government 1.1km

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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