64 Commercial RoadNewstead QLD 4006
Property Details for 64 Commercial Rd, Newstead
Last Listing description (November 2022)
FULLY LEASED TROPHY INVESTMENT IN NEWSTEAD!
Elders Commercial Brisbane are pleased to present to the market for sale via Expressions of Interest this landmark fully-leased mixed-use building located at 64 Commercial Road, Newstead!
This freestanding, three (3) level commercial opportunity combines old world charm with new modern architectural features including exposed brick work, intricate ceilings along with the impressive recent fit out providing modern, desirable and functional spaces!
Key features of the property include:
- 1,678m2 NLA* three (3) level commercial holding
- 956m2 land parcel - MU1 Mixed Use - development upside
- Fully leased returning $689,040.65* Net P.A. + Outgoings + GST
- Diverse mix of six (6) professional, retail & creative tenants
- Sixteen (16) secure on-site car parks
- High-profile Commercial Road corner site with signage potential
- Stone's throw to Gasworks & James Street
Easily one of Brisbane's best character buildings with solid underlying investment fundamentals. For more information or to arrange an inspection, contact your exclusive Elders Commercial Agents today!
*Approximately
Property History for 64 Commercial Rd, Newstead, QLD 4006
- 24 May 2022Listed for Sale Contact Agent
- 24 May 2022Listed for Rent - Price not available
- 01 Apr 2013Listed for Rent $550 per week
Recent sales nearby
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0About Newstead 4006
The size of Newstead is approximately 0.9 square kilometres. It has 3 parks covering nearly 8.2% of total area. The population of Newstead in 2016 was 2193 people. By 2021 the population was 7496 showing a population growth of 241.8% in the area during that time. The predominant age group in Newstead is 20-29 years. Households in Newstead are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newstead work in a professional occupation.In 2021, 27.70% of the homes in Newstead were owner-occupied compared with 37.60% in 2016.
Newstead has 5,783 properties. Over the last 5 years, Houses in Newstead have seen a -30.75% decrease in median value, while Units have seen a 84.19% increase. As at 28 February 2026:
- The median value for Houses in Newstead is $694,418 while the median value for Units is $1,045,442.
- Houses have a median rent of $755 while Units have a median rent of $800.
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