Iconic Ascot Investment | Income With Development Potential
- Comprises 2 retail / commercial shops returning over $100,000 p.a.* (gross) plus 4 bedroom residence
- Land area of 607m2*
- Corner location provides potential to subdivide the house from the retail component
- Prominent position two street frontage to Alexandra and Lancaster Roads
- First time offered for sale in 60* years
- Well positioned to public transport, Ascot State School, shops and overlooks Oriel Park
Tony Williams 0411 822 544
Mark Creevey 0408 992 222
**This property is being sold by Auction therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Ray White Special Projects (Queensland) has pleasure in offering for sale by Public Auction a 607m²* Iconic Ascot Investment with Development Potential (^STCA).
- First time offered for sale in 60 years
- The holding comprises two retail / commercial tenancy areas including long standing tenants Vanilla Pod and Alma Clark Real Estate.
- The property also includes a four (4) bedroom residence with separate street frontage and access
- Total land area of 607m²*
- Gross income of over $100,000 p.a. from the two tenancies with opportunity to increase rent from the four (4) bedroom house
- Potential to subdivide the house from the retail component (^STCA)
- Two street frontage to Alexandra and Lancaster Roads
- Prominent corner location in the heart of one of Brisbane’s blue chip suburbs
Executive Summary and Sales Details
119 Lancaster Road and 7 Alexandra Road Ascot, QLD, 4007
Method of Sale
The property is for sale by Public Auction to be held at Level 26, ONE ONE ONE, 111 Eagle street, Brisbane Qld on Friday 25 August 2017 at 10.30am (AEST).
The property is offered for sale on terms including a 10% deposit payable into Ray White Commercial Queensland Trust Account on the fall of the hammer with a 30 day settlement and otherwise on terms satisfactory to the Vendor.
Any intending bidder is required to:
- Review the Conditions of Sale by Public Auction; and
- Execute the Bidder Registration Form to be provided to the agents prior to the Auction.
Contracts will be available from:
c/- Mark Creevey or Tony Williams
Ray White Special Projects (QLD)
Level 26, One One One,
111 Eagle Street, Brisbane Qld 4000
^ Subject to Council Approval
# Important: Prospective purchasers conduct due diligence investigations of the property strictly at their own expense and risk, and the vendor will have no liability in relation to such expenses. Consent by the vendor to the conduct by any potential purchaser of due diligence activities or investigation will not in any circumstance be construed as a representation that the vendor will be exercising, or refraining from exercising its rights to deal with the property, or any representation that the vendor intends to contract with that potential buyer, or at all.
Ascot is located approximately 6 kilometres north east of the Brisbane CBD, and is one of Brisbane’s oldest and most prestigious residential suburbs.
The property is located at 119 Lancaster Road, Ascot QLD 4007, being situated on the south eastern corner of Lancaster & Alexandra Roads.
Surrounding development within the immediate locality predominantly comprises high quality residential dwellings, with the subject in conjunction with the adjoining property forming a character retail strip shop bounded by Alexandra Road, Lancaster Road and Abbott Street.
- Executive Summary PDF, 157.37K
- Property Overview PDF, 4.98M
- Tenancy Overview PDF, 1.60M
- Location Profile PDF, 1.42M
- Photography PDF, 5.87M
- Title Search PDF, 63.55K
- Survey Plan PDF, 138.30K
- Smart Map PDF, 82.34K
- Vanilla Pod Lease PDF, 4.71M
- Proposed Lead - Alma Clark Real Estate PDF, 4.81M
- Insurance Policy (Reatail & Commercial) PDF, 263.67K
- Insurance Policy (House) PDF, 190.85K
- Rates Notice PDF, 213.12K
- Urban Utilities Notice PDF, 136.69K
Information Memorandum (full PDF)
- Information Memorandum (full PDF) PDF, 28.99M
The information and figures contained in this report have been provided to us by the following sources. The Parties (as defined in the Disclaimer) have not independently checked any of the information. The Parties make no comment on and give no warranty as to the accuracy of the information contained in this report which does not constitute all or any part of any offer or contract. Prospective purchasers must rely on their own enquiries. Zoning and land areas details are as provided by PDS Live and Local Municipal Councils and are subject to confirmation.
|Page 3||Property Overview||Brisbane City Council / RPData|
|Page 8||Floor Plan||Prime Pixels|
|Page 11||Location Profile||Ray White|
|Page 12||Location Features||Google Maps|
|Page 13||Amenities Map||Whereis.com.au|
|Annexure A||Photography||Prime Pixels|
|Annexure B||Auction Terms and Conditions||REIQ|
|Annexure C||Auction Bidders Registration Form||REIQ|
|Annexure D||Title Search||Department of Natural Resources and Mines|
|Annexure E||Survey Plan||Department of Natural Resources and Mines|
|Annexure F||Smart Map||Department of Natural Resources and Mines|
|Annexure G||Vanilla Pod Lease||Seller|
|Annexure H||Proposed Lease – Alma Clarke Real Estate||Biggs Fitzgerald Pike Solicitors|
|Annexure I||Insurance Policy (Retail / Commercial)||Steadfast NSG|
|Annexure J||Insurance Policy (Residential house)||Steadfast NSG|
|Annexure K||Rates Notice||Brisbane City Council|
|Annexure L||Urban Utilities Notice||Urban Utilities|
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