113 Russell StreetCleveland QLD 4163
Property Details for 113 Russell St, Cleveland
Last Listing description (September 2023)
Ray White Commercial Bayside is delighted to offer for Sale via Expressions of Interest, 113 Russell Street, Cleveland.
The property is a 911sqm* 'Principal Centre' zoned allotment located on a high profile corner at the southern end of Cleveland's CBD. Currently developed to provide a mix of buildings/accommodation, the site has been predominantly used as a workshop for more than fifty (50) years. The structures are in good condition and provide a suitable level of accommodation for similar workshop or warehouse uses in the immediate term.
The 'Principal Centre' zoning allows for a broad range of uses with future development of stand alone commercial, mixed use and higher density residential projects to a maximum of fourteen (14) metres in height.
Features include:
- Existing buildings provide circa 187sqm* of GFA + awning area of approximately 148sqm*
- Large sealed hardstand
- Fenced rear yard area
- Self-contained amenities
The property is offered for sale with a 'lease back' to the Seller's trading business (current occupier) for a period of up to twelve (12) months post settlement.
For all enquiries, please contact exclusive agent, Nathan Moore on 0413 879 428.
*Approximately
This property is being sold without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Property History for 113 Russell St, Cleveland, QLD 4163
- 12 Jun 2023Sold for $1,630,000
- 26 May 2022Listed for Sale Expression of Interest
- 26 Jun 2006Sold for $620,000
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0About Cleveland 4163
The size of Cleveland is approximately 11.7 square kilometres. There are 55 parks, covering nearly 19.2% of the total area. The population of Cleveland in 2016 was 14801 people. By 2021 the population was 15850 showing a population growth of 7.1% in the area during that time. The predominant age group in Cleveland is 60-69 years. Households in Cleveland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cleveland work in a professional occupation.In 2021, 66.80% of the homes in Cleveland were owner-occupied compared with 62.20% in 2016.
Cleveland has 9,249 properties. Over the last 5 years, Houses in Cleveland have seen a 84.68% increase in median value, while Units have seen a 102.66% increase. As at 31 May 2026:
- The median value for Houses in Cleveland is $1,463,982 while the median value for Units is $941,959.
- Houses have a median rent of $795 while Units have a median rent of $630.
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