299 Sandgate RoadAlbion QLD 4010
Property Details for 299 Sandgate Rd, Albion
Last Listing description (November 2025)
Ray White Retail are proud to have sold 299 Sandgate Road, Albion.
|What|
• Two tenancy layout with a longstanding healthcare anchor and vacant tenancy ready for immediate occupation
• WALE of 2.40 years (by area)
• Landlord-owned restaurant fitout in place, with potential to reposition into alternative retail and healthcare use
• Estimated fully leased net income of $260,040 + GST p.a.
|Where|
• Prominent 535sqm* corner site with frontage to Sandgate Road, a major Brisbane arterial
• Exposure to 212,200* vehicles per week
• 4km* north of Brisbane CBD in Albion's tightly held retail corridor
• Situated less than 100m* from Albion Train Station and "The Albion" redevelopment, set to deliver 456 new apartments
|Why|
• Strong 6.5% return on a fully leased basis
• Secure lease until 2029 to Albion's only pharmacy
• ScriptRite have been operating from this location since 2013
• Ideal for both investors and owner-occupiers looking to secure a foothold in one of Brisbane's most connected growth suburbs
Property History for 299 Sandgate Rd, Albion, QLD 4010
- 06 Sep 2025Sold for $3,475,000
- 08 Aug 2025Listed for Sale $3,575,000 (7.25%)
- 26 Oct 2022Listed for Sale $170000
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About Albion 4010
The size of Albion is approximately 1.4 square kilometres. It has 6 parks covering nearly 22.1% of total area. The population of Albion in 2016 was 2296 people. By 2021 the population was 3446 showing a population growth of 50.1% in the area during that time. The predominant age group in Albion is 20-29 years. Households in Albion are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albion work in a professional occupation.In 2021, 34.20% of the homes in Albion were owner-occupied compared with 37.50% in 2016.
Albion has 2,579 properties. Over the last 5 years, Houses in Albion have seen a 49.24% increase in median value, while Units have seen a 103.54% increase. As at 30 November 2025:
- The median value for Houses in Albion is $1,309,007 while the median value for Units is $836,598.
- Houses have a median rent of $650 while Units have a median rent of $600.
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