10/220 Melbourne StreetSouth Brisbane QLD 4101
Property Details for 10/220 Melbourne St, South Brisbane
Last Listing description (November 2020)
CBRE has the exclusive pleasure of offering the fully leased 10/220 Melbourne Street, South Brisbane to the market to be sold via public auction at 10:30am Thursday March 17th in rooms at Level 3/1 Eagle Street, Brisbane. The opportunity features a renewed five year lease to a quality operator - Tsuru Sushi on a net lease.
The property features the following attributes:
77sqm
Experienced operator
Generous outdoor dining area
Long history of tenure on site
Net income of $ $71,309* p.a
Net lease - tenant pays outgoings
Corner exposure on to Melbourne, Boundary, Browning and Mollison streets
Busy hospitality focused locality
1km to CBD and Treasury Casino
South Brisbane and West End is a bustling inner city location of Brisbane. The area is 1km from Brisbane CBD and is the natural extension of the CBD with significant development happening in the past twenty four months. The shop is located at the doorstep to Brisbane's premier entertainment, cultural and education precincts. The property is located directly across from Brisbane State High School and is less than 1km from the Brisbane Convention and Exhibition Centre, Queensland Museum, QLD Art Gallery, Gallery of Modern Art (GOMA), Queensland Performing Arts Centre, State Library of Queensland, Griffith University South Bank Campus and South Bank TAFE Campus.
For more information please contact exclusive agents Lachlan Tully and Callum Short from CBRE.
Property History for 10/220 Melbourne St, South Brisbane, QLD 4101
- 17 Mar 2016Sold for $1,043,000
- 19 Feb 2016Listed for Sale UNDER CONTRACT
- 27 Jul 2007Sold for $100,000
Recent sales nearby
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About South Brisbane 4101
The size of South Brisbane is approximately 2.3 square kilometres. There are 14 parks, covering nearly 12.6% of the total area. The population of South Brisbane in 2016 was 7196 people. By 2021 the population was 14292 showing a population growth of 98.6% in the area during that time. The predominant age group in South Brisbane is 20-29 years. Households in South Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Brisbane work in a professional occupation.In 2021, 27.40% of the homes in South Brisbane were owner-occupied compared with 29.60% in 2016.
South Brisbane has 10,564 properties. Over the last 5 years, Houses in South Brisbane have seen a 42.09% increase in median value, while Units have seen a 82.89% increase. As at 31 July 2026:
- The median value for Houses in South Brisbane is $1,855,981 while the median value for Units is $955,971.
- Houses have a median rent of $795 while Units have a median rent of $805.
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