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Middle St Cleveland QLD 4163

  • Retail
  • 403 m²
  • For Sale, $2,200,000

Cleveland QLD, Great retail Shopping centre for sale

Channel Place is located on the corner of Middle St and Channel Place, Cleveland. Cleveland is a fast growing city east of Brisbane on beautiful Moreton Bay. It is connected to Brisbane by rail and is a recognised growth hub.

- Channel Place sits on 1618 sq. m and is currently zoned as "Neighbourhood Centre". It is part of an extensive retail and small business precinct in East Cleveland. This precinct also contains a large and

- busy entertainment club (Redlands RSL).

- The immediate area is the location of extensive current and future development. Channel Place is only 500 m from the proposed Toondah Harbour Priority Development Area (PDA), a very large infrastructure project centred on the port facilities that links the mainland to North Stradbroke Island. The $1.3 billion development was released on 25 November 2015 by preferred developer Walker Corporation.

-Channel Place is surrounded by "Medium Density Residential" with a mix of houses, units and highrise apartments. It is adjacent to two special residential zones (MRD4 and MRD3), including the highest allowable residential apartment building permitted in the Redlands (6 stories) directly opposite.

The property is fully let, with several long term tenants. It has a current gross income of $171,612

and Net of $115,510 (with potential for increase with efficiencies in outgoings - e.g. council waste charges).

Tenancies mix:

* Cafe BYO licenced
* Laundromat
* Chinese restaurant
* Convenience store(ATM)
* Antiques shop

Price: $2,200,000
Inspection: By appointment
Address Middle st Cleveland QLD
Contact: Conan Li/ 07 3373 9887/0404 617 767
conan.li@yong.com.au

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Property Highlights

Property ID2012896433
Floor Area403 m²
Land Area1,618 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  9 Sep 2019
Map for Middle St Cleveland QLD 4163
Yong Real Estate Commercial
Suite 18, 223 Calam Rd Sunnybank Hills QLD 4109

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