10 Grice AvenueParadise Point QLD 4216
Property Details for 10 Grice Ave, Paradise Point
Last Listing description (August 2017)
First time to hit the market in 32 years. Very rarely will such a Prime Standalone Commercial freehold 506sqm* block becomes available in this tightly held Commercial precinct of Paradise Point village. Blue chip investment opportunity, this one won?t last long!
Currently there is a single level building with a caf / restaurant earning $98,673* including GST, per annum with 5% increase every year(Rent increase every 1st of August). Expiry not till 2020 with an option to renew for another 5 years after that.
The true potential is that, this is also a prime commercial redevelopment site, with busy foot and car traffic for which 16.7m* street frontage is a huge advantage. The commercial in Paradise Point is in high demand, you will have a tough job finding anything else that represents high potential, solid investment and good value.
Block Size approx. 506sqm, 16.7m* street frontage
Rental income of $98,673 Inc GST per annum
Leased until 2020 + 5 years? option
Rent Increase of 5% per Annum
Male and Female toilets, Cold Room and grease trap
Rear Car parking for 6-8 cars
Busy Retail precinct area
Meters from Broadwater and Parklands
Ducted Air-conditioning , 150sqm Indoor building space plus approx 50sqm outdoor dinning area
*= Approx
Disclaimer: The above information has not been verified. We advise you confirm the accuracy of details before entering into a contract. Prestige Property Agents and its employees cannot be held responsible for any inaccurate details supplied here.
Property History for 10 Grice Ave, Paradise Point, QLD 4216
- 09 Jun 2017Sold for $1,948,000
- 06 Mar 2017Listed for Sale AUCTION ON-SITE 9TH JUNE AT 11AM
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About Paradise Point 4216
The size of Paradise Point is approximately 4.1 square kilometres. It has 9 parks covering nearly 10.8% of total area. The population of Paradise Point in 2016 was 6536 people. By 2021 the population was 7062 showing a population growth of 8.0% in the area during that time. The predominant age group in Paradise Point is 60-69 years. Households in Paradise Point are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Paradise Point work in a professional occupation.In 2021, 72.00% of the homes in Paradise Point were owner-occupied compared with 65.70% in 2016.
Paradise Point has 4,419 properties. Over the last 5 years, Houses in Paradise Point have seen a 87.05% increase in median value, while Units have seen a 81.75% increase. As at 31 March 2026:
- The median value for Houses in Paradise Point is $2,265,743 while the median value for Units is $1,376,012.
- Houses have a median rent of $1,150 while Units have a median rent of $713.
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