Suburban retail investments continue to be sought after by investors, with a Clayfield site selling for $2.1 million in an off-market deal. 

Well-located in Brisbane’s inner-north, 680 Sandgate Road sold to a local investor on a 5.32 per cent passing yield. 

The property was marketed by Ray White Commercial QLD agents Michael McCullagh and Rhys Hoole on behalf of a private syndicate. 

The property consists of five retail tenancies with a single vacancy, generating a net passing income of $111,637 per annum. 

Mr McCullagh said the property presented a “fantastic long-term investment opportunity”. 

“Comprising a well-located retail investment in Brisbane’s inner-north, 680 Sandgate Road has a complimentary mix of long standing local tenants including Unique Design and the currently expanding Fia’s Corner Cafe,” Mr McCullagh said. 

“The 465sqm site is positioned on a high profile corner allotment with frontages to Sandgate Road, Bayview Terrace and Drane Street, maintaining exposure to more than 46,000 passing vehicles daily.” 

Mr Hoole said suburban retail investments have continued to perform well with investors drawn to the diversified tenancy profiles and strong returns. 

“The transaction represents the ongoing demand for well positioned commercial investments with value-add potential,” he said. 

To request a sales analysis please contact one of the marketing agents Ray White Commercial QLD’s Michael McCullagh and Rhys Hoole via the contact details below. 

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