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OCCUPY / INVEST / REPOSITION / REDEVELOP

657-659 Deception Bay Road, DECEPTION BAY QLD, 4508

Sold

Property Sold in 657-659 Deception Bay Road, DECEPTION BAY QLD, 4508

Listing ID:
11366274
Status:
Sold
Price:
Auction In-Rooms 27th November 2019
Last Updated:
29/01/2020
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Property Type

Retail/Industrial/Warehouse/Offices
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Land Area

8633 SQM
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Floor Area

3154 SQM
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Parking

105

OCCUPY / INVEST / REPOSITION / REDEVELOP

Located on Deception Bay Road in Deception Bay, this property represents a unique opportunity to secure a large retail centre located on a 8,633sqm Urban Neighborhood zoned allotment. Historically, the Deception Bay commercial precinct been a tightly held area and this property presents purchasers with flexible options including owner occupation, lease investment, strata title and resale or land bank for future redevelopment.

The subject property is located close to the recently upgraded Rothwell intersection and Rothwell Village which has attracted the likes of multinational business's Starbucks, Carls Junior, Guzman y Gomez and Oporto demonstrating the strength of the local economy.

* 3,154sqm* Large format retail & commercial complex across two detached buildings
* 8,633sqm Urban Neighbourhood place type General Residential Urban precinct zoned allotment
* Leases in place to Sarina Russo, Life Without Barriers and Harvey Norman
* Returning - $250,050 Gross + GST per annum
* 105 common use parking bays available on site
* Flexibility to owner occupy, Strata title, Land bank or develop further
* Owners have given clear instructions to sell!

34km to Brisbane CBD; 18km to Caboolture; 10km to Redcliffe. Deception Bay lies 35 minutes north of Brisbane in the Moreton Bay Regional Council. Deception Bay's proximity to both North Lakes and Redcliffe allow for a variety of businesses along with fantastic access to the Bruce Highway ensure this property won't be available for long.

Auction In-Rooms (if not sold prior) Wednesday 27 November 2019 at 11am at Brisbane Riverview Hotel, Kingsford Smith Drive, Hamilton.

For further information or to arrange an inspection please contact your Exclusive Raine & Horne Commercial agents.

Listing ID: 21305999

For more details, please email agent

Raine & Horne Commercial Brisbane North

6/87 Webster Road, Stafford, QLD 4053


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