1/22-36 Railway TerraceMilton QLD 4064
Property Details for 1/22-36 Railway Tce, Milton
Last Listing description (June 2023)
Burgess Rawson is pleased to offer to market Night Owl Milton located at 22-34 Railway Terrace, Milton (Brisbane) QLD, for sale via our Investment Portfolio Auction 161.
The property has the following investment highlights:
+ New five (5) year net lease to mid 2027
+ Head office lease to Night Owl Properties with director's guarantee
+ Night Owl: one of Australia's fastest growing independent convenience stores with over 80 stores nationwide
+ Net lease with tenant responsible for all outgoings as per lease
+ Strong and certain income growth with fixed annual, compounding 3% rent increases
+ Large 146sqm* internal NLA with 44sqm* licenced outdoor area
+ Strategically situated in the Milton business precinct and directly opposite Milton Train Station, one of the busiest train lines in Queensland^
+ Milton: highly desirable inner-city suburb less than 2km* from the Brisbane CBD
+ Brisbane: the third largest city in Australia, with a population forecasted to grow by 15% to 2.875 million residents by 2035
+ Net Income: $90,861 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 22 June 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
^Brisbane Times
Property History for 1/22-36 Railway Tce, Milton, QLD 4064
- 24 Jul 2023Sold for $1,750,000
- 02 Jun 2023Listed for Sale Price on Request
- 04 Nov 2016Sold for $6,855,000
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About Milton 4064
The size of Milton is approximately 1.3 square kilometres. It has 9 parks covering nearly 10.3% of total area. The population of Milton in 2016 was 2274 people. By 2021 the population was 3144 showing a population growth of 38.3% in the area during that time. The predominant age group in Milton is 20-29 years. Households in Milton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Milton work in a professional occupation.In 2021, 29.50% of the homes in Milton were owner-occupied compared with 36.30% in 2016.
Milton has 2,971 properties. Over the last 5 years, Houses in Milton have seen a 48.28% increase in median value, while Units have seen a 81.79% increase. As at 31 March 2026:
- The median value for Houses in Milton is $1,949,531 while the median value for Units is $853,235.
- Houses have a median rent of $938 while Units have a median rent of $680.
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