92-94 Redland Bay Road, Capalaba, QLD 4157 | Property Value & History | OnTheHouse
 
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92-94 Redland Bay Road
Capalaba QLD 4157

Bedrooms: -
Bathrooms: -
Car spaces: 45
Land area: 4856m2
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Property Details for 92-94 Redland Bay Rd, Capalaba

Building Type
Commercial
Land Size
4856m2
Local Government
Redland
Lot/Plan
11/RP201743

Last Listing description (September 2020)

Cushman & Wakefield is pleased to present to the market 92-94 Redland Bay Road, Capalaba (Brisbane) for Sale via Auction.

The property has the following key characteristics:

- Renewed 8 year lease to 2027 + options

- Officeworks Ltd - Wholly owned Subsidiary of ASX listed Wesfarmers Ltd, Australias 7th largest company with Revenues of $30.8 Billion
- Impeccably maintained building purpose built in 2004, having undergone recent Capex incl. full repaint
- High profile 4,856 sqm site offering 45 car parks, truck delivery bay & exposure to 43,000+ vehicles per day
- Redland Bay Road - Capalaba retail mecca located 17 km from Brisbane CBD, trade catchment of 170,000+
- Officeworks experiencing significant sales growth of 27.8% for the first 5 months of 2020 - 167 stores nationally
- First time offered to the market
- Tenant pays all usual outgoings (excl. Land Tax)
- Minimum 2.62% annual rent increases
- Net Income $431,278 pa + GST (as at October 2020)

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Wednesday 16 September at 11am at Cooley Auctions, located on Level 1, 29-33 Bay Street, Double Bay NSW.

Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property from one of these locations, please liaise with the exclusive agents.

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Property History for 92-94 Redland Bay Rd, Capalaba, QLD 4157

A timeline of how this property has performed in the market
Last Sold
$8,425,000
16 Sep 2020
  • 16 Sep 2020
    Sold for $8,425,000
  • 14 Aug 2020
    Listed for Sale Contact Agent
  • 30 Jun 2003
    Sold for $1,320,000
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About Capalaba 4157

The size of Capalaba is approximately 18.7 square kilometres. It has 42 parks covering nearly 11.2% of total area. The population of Capalaba in 2016 was 17333 people. By 2021 the population was 18002 showing a population growth of 3.9% in the area during that time. The predominant age group in Capalaba is 30-39 years. Households in Capalaba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Capalaba work in a trades occupation.In 2021, 72.30% of the homes in Capalaba were owner-occupied compared with 71.40% in 2016.

Capalaba has 8,667 properties. Over the last 5 years, Houses in Capalaba have seen a 98.71% increase in median value, while Units have seen a 117.88% increase. As at 31 December 2025:

  • The median value for Houses in Capalaba is $1,053,884 while the median value for Units is $735,099.
  • Houses have a median rent of $670 while Units have a median rent of $600.
There are currently 40 properties listed for sale, and 42 properties listed for rent in Capalaba on OnTheHouse. According to Cotality's data, 335 properties were sold in the past 12 months in Capalaba.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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