962 Kingston RoadWaterford West QLD 4133
Property Details for 962 Kingston Rd, Waterford West
Last Listing description (October 2023)
CBRE are pleased to exclusively present for sale the freehold interest in the Club Hotel Waterford & First Choice Liquor Superstore.
Freestanding 2,373sqm* Club Hotel Waterford & First Choice Liquor with 100% of income secured by Queensland Venue Co^.
9.5-year lease term remaining with 3 additional periods of 10 year options, subject to annual reviews of the lesser of CPI x 2 or 3.0% and no market rental reviews.
Recently completed significant $1.25 million refurbishment programme upgrading the tavern and liquor store.
Strategically located on a high-profile corner site along two major arterial roads 27km south-west of the Brisbane CBD.
The catchment's population is forecast to grow 2.0% per annum by 2041, significantly higher than the Greater Brisbane and Australian benchmarks.
Net operating income $1.44 million p.a.*
For Sale via expressions of interest closing Thursday 25th May at 4:00pm (AEST).
For further information, or to arrange an inspection, please contact one of the exclusive agents.
*Approximate
^QVC is the JV entity between Liquorland (QLD) Pty Ltd subsidiary of Coles and Australia Venue Co (AVC) - backed by KKR
Property History for 962 Kingston Rd, Waterford West, QLD 4133
- 25 Jun 2026Sold for $27,700,000
- 21 Apr 2023Listed for Sale PLEASE CONTACT EXCLUSIVE AGENTS
- 03 Sep 2018Sold for $22,000,000
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About Waterford West 4133
The size of Waterford West is approximately 5.3 square kilometres. There are 13 parks, covering nearly 10.8% of the total area. The population of Waterford West in 2016 was 6431 people. By 2021 the population was 6942 showing a population growth of 8.0% in the area during that time. The predominant age group in Waterford West is 0-9 years. Households in Waterford West are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Waterford West work in a labourer occupation.In 2021, 55.50% of the homes in Waterford West were owner-occupied compared with 55.40% in 2016.
Waterford West has 3,038 properties. Over the last 5 years, Houses in Waterford West have seen a 128.99% increase in median value, while Units have seen a 221.23% increase. As at 31 July 2026:
- The median value for Houses in Waterford West is $908,595 while the median value for Units is $633,868.
- Houses have a median rent of $600 while Units have a median rent of $490.
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