Located in Redland’s most prominent large format retail precinct, this 4,856sqm* site with 1,218sqm* showroom complex was sold via an off-market transaction. Current tenants include Barbeques Galore and Bolt King Capalaba. A large section of the site at the rear is available for development.
A development approval has been issued for 1,500sqm* of additional retail showroom.
The purchaser owns other significant assets on Redland Bay Road and sees this as a further strategic acquisition.
| Sold Date | 10/09/2020 |
| Sale Process | Private Treaty |
| Sale Price | $6,500,000 |
| Land Area | 4,856 sqm* |
| Building Area | 1,218 sqm* + Telstra Tower |
| Vendor | Ammarose Pty Ltd |
| Purchaser | Private Investor |
* Approximately
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