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25 Caxton Street
Petrie Terrace QLD 4000
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Sold on 14 Dec 2018

25 Caxton Street Petrie Terrace QLD 4000

  • Shop & Retail
  • 350 m²
  • Sold

High Street Freestanding Investment - 100% Tenanted For Over 30 Years

Ray White Commercial (QLD) are pleased to exclusively offer 25 Caxton Street, Petrie Terrace QLD for sale by Auction on Friday 14 December 2018, 10:15am at Level 26, 111 Eagle Street, Brisbane City QLD.

This is a rare opportunity to acquire a high street freestanding retail investment that has been 100% tenanted for over 30 years.

Previously tenanted by the award winning Rags Garden Restaurant, this property offers a rich history and is now tenanted by Enzo & Sons, the latest brainchild of the highly experienced restaurateurs Jamie and Siarah Webb.

Jamie & Siarah have a proven track record including the famous Lefty's Old Time Music Hall (15 Caxton Street) and Seymour's Cocktails and Oysters (19 Caxton Street).

Key Investment Attributes:
• 5 year net lease to 31 August 2022 + options to 2032
• 296sqm** building area comprising 120 seat restaurant/bar and first floor self contained apartment
• Expansive 99sqm** undercover beer garden with bar/pizza oven
• Dominant 350sqm* land parcel with exposure to over 17,200 cars passing daily^
• 200m* to Suncorp Stadium and 500m* to $5 billion Cross River Rail and $2 billion Brisbane Live developments
• Affluent precinct with household income levels 34% above the QLD average^^
• Fixed 3.5% annual increases underpinned by a 3 month bank guarantee
• Net income of $90,540* + GST p.a.

*Approximately
**Estimate only based on building plans
^Sitewisely
^^Location IQ

AUCTION

Auction date and time14/12/2018 10:15
Auction locationLevel 26, 111 Eagle Street, Brisbane
RWC Retail
RWC Retail
Level 26/111 Eagle St
Brisbane City, QLD 4000

Property Highlights

Date Sold14 Dec 2018
Floor AreaAsk Agent
Land Area350 m²
ParkingAsk Agent
Property ID2014788589
Category
Last updated  18 Dec 2018
Map for 25 Caxton Street Petrie Terrace QLD 4000

Nearest transport* to 25 Caxton Street Petrie Terrace QLD 4000

Bus
Train
Ferry
Petrie Tce near Menzies St, stop 3A126 m
Petrie Tce at Windmill Cafe, stop 3133 m
Caxton St near Chapel St, stop 4151 m
Caxton St near Chapel St, stop 4158 m
This data is © 2023 The State of Queensland, licenced under CC BY 4.0.
*Within a 4km radius
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RWC Retail
RWC Retail
Level 26/111 Eagle St
Brisbane City, QLD 4000

Property Highlights

Date Sold14 Dec 2018
Floor AreaAsk Agent
Land Area350 m²
ParkingAsk Agent
Property ID2014788589
Category
Last updated  18 Dec 2018

Listed by

Michael Feltoe
Michael Feltoe
RWC Retail
Call
0447714899

More about 25 Caxton Street Petrie Terrace QLD 4000

25 Caxton Street Petrie Terrace QLD 4000 is categorized as Shop & Retail Property. It has a land area of 350 m². The listing ID for this property is 2014788589.

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