The property, positioned just 5km from the Brisbane CBD, attracted over 140 enquiries and nine formal offers during an extremely competitive Expressions of Interest campaign. The buyer, a private investor, was drawn to the property's high visibility, income-producing potential, and prime corner location along a major arterial road that sees approximately 42,000 vehicles per day.
“We had huge interest in this one,” said Stephen Ferguson, director at RWC Milton. “The investment market for these small freehold properties is amazing at the moment. We could have sold this property many times over.”
Mr Ferguson noted that his team had been the property manager for the previous vendor and were pleased to have retained management under the new ownership.
Anchored by five tenancies, the property features three small medical suites, one retail tenant, and one vacant tenancy, which is secured by a 12-month rental guarantee. The site delivers a net annual income of $130,000 plus GST, with a weighted average lease expiry (WALE) of 2.32 years. Based on the site area, the sale price equates to approximately $9,262 per square metre.
“It’s a classic example of what investors are looking for right now - secure, mixed-use income streams in locations with long-term growth potential,” Mr Ferguson said.
Located directly opposite the bustling Coorparoo Square, the property benefits from strong pedestrian traffic, excellent public transport access, and proximity to a growing residential catchment. The area continues to experience rapid gentrification and high-density residential development, with ongoing infrastructure improvements further enhancing its investment appeal.
“This location is incredibly compelling,” Mr Ferguson said. “You’re surrounded by established medical and retail businesses, excellent schooling, and a strong local demographic. With Brisbane’s continued growth and the 2032 Olympic Games on the horizon, commercial assets in inner-fringe areas like Coorparoo are becoming even more valuable.”
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