Located in the heart of Auchenflower on an iconic corner site, the listing of 97 Haig Road is expected to attract strong interest from local and interstate buyers.
Colliers Queensland Executive Investment Services Sam Polichronis said positioned on a highly prominent (405m2) corner allotment fronting Haig Road this site was a great investment opportunity located in the immediate Brisbane fringe.
“The ground floor is leased to an award winning cafe, Peach Cafe, and the second level contains a fully refurbished 2 bedroom, 2 bathroom residence with private entry, the property further benefits from a self-contained office suite with private access, allowing further income potential,” Sam Polichronis said.
“This is a rare opportunity to invest in a high performing retail asset and lease or occupy a modern townhouse.
“The investment is underpinned by a 5-year lease to Peach Cafe with 10 years’ worth of options, expiring in 2036.
“There is also future development upside to increase the residential or convert into a commercial or medical asset, subject to council approval,” Sam Policronis added.
Colliers National Director Investment Services Hunter Higgins said following a fascinating hundred- year history, this site had undergone a complete redevelopment and refurbishment to create a unique offering in the heart of Auchenflower.
“The cafe services a population of 6,053 residents and the median house price in the Rosalie precinct is $1,450,000,” Hunter Higgins said.
“The ground floor coffee shop consists of a chic design, polished concrete floors, alfresco area, and function space for outdoor dining.
“It is situated adjacent from a children’s playground and park providing a beautiful leafy outlook for patrons.
“The site is well serviced with public transport with the Auchenflower train station located only 800 metres away.
“Brisbane is experiencing one of the greatest infrastructure booms in history with over $50 billion in progress.
“Ranging from new world class dining precincts, Brisbane Live, the Queens Wharf Casino, Cross River Rail and to hosting the 2032 Olympics, Brisbane is the place to invest.
“Located in a densely populated and affluent residential area, located just 2.5km from the Brisbane CBD, 97 Haig Road is a great investment opportunity,” Hunter Higgins added.
97 Haig Road, Auchenflower is offered for sale via auction on Friday, 9 June 2023 at 11am (AEST).