Property Details for 141-143 Bay Rd, Toowoon Bay
Last Listing description (November 2021)
PRIME FREEHOLD LEASED TO THE BAY CAF RESTAURANT
- PRIME POSITION IN TIGHTLY HELD STRIP
- LEASED TO THE BAY CAF RESTAURANT
This prime retail village freehold investment, leased to the popular restaurant, The Bay Caf in Toowoon Bay.
Investment considerations include:
Bay Rd is a highly trafficked neighbourhood village retail strip, providing essential retail amenities to the affluent suburbs of Toowoon Bay and Blue Bay.
Limited alternate competing retail amenities in this suburb make this location highly sought-after.
The property is positioned in the prime position in the strip surrounded by other essential retail amenities including a post office and a pharmacy.
Irreplaceable freehold land of 196 sqm2.
This two-storey building comprises of a ground floor retail shop and an additional residential dwelling upstairs. The upstairs residence features 3 bedrooms, a spacious kitchen, living and dining room, bathroom and internal laundry. The upstairs residence alone has a potential rental return of $23,400.00 per annum.
The ground floor commercial shop is currently securely leased to the successful The Bay Caf Restaurant since 2009.
The current rent is $61,750.00 per annum plus 60% outgoings.
High quality fit-outs have been completed by the tenant.
For further information on this sale, contact Michelle Vo on 0401 029 815.
Property History for 141-143 Bay Rd, Toowoon Bay, NSW 2261
- 20 May 2021Listed for Sale 1.6 million
- 17 Feb 2008Listed for Sale 800000
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0About Toowoon Bay 2261
The size of Toowoon Bay is approximately 0.6 square kilometres. There are 2 parks, covering nearly 29.4% of the total area. The population of Toowoon Bay in 2016 was 530 people. By 2021 the population was 543 showing a population growth of 2.4% in the area during that time. The predominant age group in Toowoon Bay is 60-69 years. Households in Toowoon Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Toowoon Bay work in a professional occupation.In 2021, 64.60% of the homes in Toowoon Bay were owner-occupied compared with 56.80% in 2016.
Toowoon Bay has 430 properties. Over the last 5 years, Houses in Toowoon Bay have seen a 28.99% increase in median value, while Units have seen a 44.80% increase. As at 31 July 2026:
- The median value for Houses in Toowoon Bay is $1,478,648 while the median value for Units is $966,910.
- Houses have a median rent of $500 while Units have a median rent of $750.
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