983 Waterworks RoadThe Gap QLD 4061
Property Details for 983 Waterworks Rd, The Gap
Last Listing description (December 2022)
+ Secure 16-year net lease 2033 plus 4 x 10-year options to 2073
+ Chevron Corporation (NYSE: CVX): Major global energy company, with a market cap of $439 Billion USD and over 360 sites nationally**
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings including rates, insurance, and multiple holding Land Tax
+ Strong and certain rental growth with annual, fixed compounding 3% increases
+ Pending major tenant funded rebrand to Caltex Australia scheduled for 2023
+ High profile 2,294 sqm* site with extensive frontage and exposure with 800sqm of undeveloped land.
+ Waterworks Road: a 4-lane arterial road connecting The Gap to the Brisbane CBD
+ Strong retail position directly opposite Gap Village Shopping Centre, a double supermarket shopping centre anchored by Coles, ALDI and McDonald's and complemented by over 30 specialty retailers
+ Surrounded by important social infrastructure, including 9 schools within 3km servicing 6,285 full-time students***
+ The Gap: established residential location just 7km* from Brisbane CBD
+ The City of Brisbane: host of the 2032 Olympics, with population forecast to grow 24% to over 3,180,000 by 2031****
+ Estimated net rent: $255,040 pa*(as of 1 January 2023)
To be sold by Expressions of Interest (EOI) closing 4pm Wednesday 9 November
To be sold individually or in-one-line with 13 other freehold convenience retail investments also available
Contact Burgess Rawson sales team for more details
For Asian Investment services, please contact Zomart He on 0488 220 830 or zhe@burgessrawson.com.au
**Chevron
***GapMaps
****Choose Brisbane
*All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property History for 983 Waterworks Rd, The Gap, QLD 4061
- 17 Jun 2025Sold for $5,067,000
- 22 Mar 2023Sold for $4,000,000
- 07 Oct 2022Listed for Sale Price on Request
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About The Gap 4061
The size of The Gap is approximately 12.6 square kilometres. It has 31 parks covering nearly 10.8% of total area. The population of The Gap in 2016 was 16692 people. By 2021 the population was 17318 showing a population growth of 3.8% in the area during that time. The predominant age group in The Gap is 10-19 years. Households in The Gap are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Gap work in a professional occupation.In 2021, 83.60% of the homes in The Gap were owner-occupied compared with 83.00% in 2016.
The Gap has 6,801 properties. Over the last 5 years, Houses in The Gap have seen a 88.73% increase in median value, while Units have seen a 116.61% increase. As at 31 January 2026:
- The median value for Houses in The Gap is $1,445,309 while the median value for Units is $1,112,896.
- Houses have a median rent of $800 while Units have a median rent of $700.
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