15/198 Adelaide StreetBrisbane City QLD 4000
Property Details for 15/198 Adelaide St, Brisbane City
Last Listing description (July 2023)
Strata Title Shop Investment
This investment shop is located in Anzac Square Arcade Food Court .
The Anzac Square Complex is a renovated heritage listed building adjoining Anzac Square and has pedestrian access to Central Railway Station and Sofitel Hotel. The complex contains Retail shops, Apartment Hotel, Residential apartments, and Offices. Woolworths is located on the corner side of the complex.
The shop is leased to an Asian food operator on a 5-year lease plus 5-year option from December 2022. The shop fixtures and fit out are the property of the seller as they previously operated the shop and have retired.
Start date 15th December 2022
Rental $60,000 per annum net 1st year plus GST plus Outgoings
Rent increases $65,000 year 2 and 3.5 % increases thereafter.
Lease area 48 m2 plus 8 m2 storage area in basement
Outgoings paid by tenant which includes Body Corp fees, BCC rates and Urban Utilities
Estimated net return 6.49 % 1st year and 7% 2nd year.
For more information or to arrange an inspection, please contact the sole marketing agents, Commercial Brisbane in conjunction with Tom Chan Real Estate Agent
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However, we accept no liability for any errors or omissions, and we cannot guarantee the information is accurate, including, but not limited to, a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.
Property History for 15/198 Adelaide St, Brisbane City, QLD 4000
- 28 Apr 2023Listed for Sale $925,000
- 16 Jun 2021Listed for Sale $900,000 excluding GST
Recent sales nearby
See more recent sales nearby/assets/perm/kjptyncdnyi63aih25hfftxuqi?signature=0310706a2ca62221c67fec45c83e23cec7539a03d9db1607a0d06413ec142615){kind=logo}
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0About Brisbane City 4000
The size of Brisbane City is approximately 2.5 square kilometres. It has 15 parks covering nearly 18.2% of total area. The population of Brisbane City in 2016 was 9460 people. By 2021 the population was 12587 showing a population growth of 33.0% in the area during that time. The predominant age group in Brisbane City is 20-29 years. Households in Brisbane City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Brisbane City work in a professional occupation.In 2021, 30.80% of the homes in Brisbane City were owner-occupied compared with 36.00% in 2016.
Brisbane City has 12,562 properties. Over the last 5 years, Houses in Brisbane City have seen a 47.01% increase in median value, while Units have seen a 70.17% increase. As at 30 November 2025:
- The median value for Houses in Brisbane City is $785,615 while the median value for Units is $845,473.
- Houses have a median rent of $750 while Units have a median rent of $750.
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