Situated on Victoria Avenue in Redcliffe is this fantastic fully leased Retail property. It has been completely leased for a very long time with long standing tenants.
There is currently three tenants in place offering a great tenancy mix servicing the local area.
The property currently has approximate income of $70,355 + Outgoings + GST and has been quite an easy property to manage over the years, proving to be a fantastic opportunity for the astute investor to purchase a long-term passive income property for their portfolio.
The property is being sold via Expressions of Interest closing 4 PM Monday the 19th September 2022.
For more information contact the Exclusive Agents at NAI Harcourts Pinnacle.
The size of Redcliffe is approximately 4.2 square kilometres. It has 20 parks covering nearly 15.6% of total area. The population of Redcliffe in 2016 was 10373 people. By 2021 the population was 10460 showing a population growth of 0.8% in the area during that time. The predominant age group in Redcliffe is 60-69 years. Households in Redcliffe are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Redcliffe work in a professional occupation.In 2021, 53.80% of the homes in Redcliffe were owner-occupied compared with 49.90% in 2016.
Redcliffe has 6,588 properties. Over the last 5 years, Houses in Redcliffe have seen a 109.47% increase in median value, while Units have seen a 102.21% increase. As at 31 March 2026:
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