Two-storey 1930s commercial building in Sandgate, Brisbane has $400,000 auction hopes

Larry SchlesingerDecember 8, 2020

An attractive unoccupied commercial building in the Brisbane coastal suburb of Sandgate dating back to the 1930s has been listed for auction, with price expectations starting from $400,000.

It could fit nicely into the portfolio of a small investor or SMSF portfolio or could appeal to a business looking to own its own premises.

Located at 1 Loudon Street, Sandgate, the 130-square metre property is split over two levels and has previously been host to a bank, a hotel and a boarding house.

It stands at the end of a fork comprising Loudon Street and Seymour Street and is a short walk from the Sandgate train station.

It last sold in 1997 for $200,000 but has remained within the same family.

It has the potential to be occupied or leased as offices or retail premises and comes with three partitioned offices, a boardroom and a reception.

The premises are being marketing by Lawrence Temple and Hudson Dale of Raine & Horne Commercial Brisbane North, who tell Property Observer they have received a significant number of enquiries since the start of November.

The land area is 167 square metres and offers two car spaces.

The property will be auctioned on December 5 at 11am.

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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