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Overview
For Sale Hornibrook Esplanade, Clontarf
Positioned on one of the Peninsula's most tightly held waterfront corridors, 184 Hornibrook Esplanade represents a strategic, income-producing freehold with dual commercial frontages and a fully self-contained three-bedroom residence above. This rare opportunity offers a blue-chip coastal asset with multiple income streams, strong holding fundamentals, and future value-add potential.
Key Features:
- Oceanfront 534m² corner site with commanding exposure
- Two ground-floor commercial tenancies with established occupants
- Shop 1 approximately 65m² with current rent of $21,218 per annum plus GST, lease renewal agreement until 2025
- Shop 2 approximately 76m² with current rent between $38,000 and $41,000 per annum plus GST
- Self-contained 3-bedroom residential unit on the upper level with current rent of $340 per week ($17,680 per annum), tenant on fixed term until 07/01/2026
- Fully leased with dependable tenancy history and consistent payments
- Favourable lease structures with extensions secured through 2027 for commercial tenants
- High-visibility commercial frontage on a major coastal connector
- Future uplift options including refurbishment, re-tenanting, additional signage, or redevelopment subject to council approval
Income Summary (from attachments):
- Commercial Income: Shop 1 – $21,218 per annum plus GST; Shop 2 – $38,000 to $41,000 per annum plus GST; total commercial income approximately $60,887 per annum excluding GST
- Residential Income: $17,680 per annum based on $340 per week
- Total combined income estimated between $78,500 and $82,500 per annum
The property benefits from low outgoings exposure, with tenants covering consumables as per lease terms.
Why This Asset Works:
This rare coastal freehold delivers three income streams, strong tenant retention, and outstanding exposure on a gateway Peninsula location. The blend of commercial stability plus residential upside makes this an exceptional long-term hold with inherent land value on one of Clontarf's highest-demand esplanade corridors.
Interested parties are encouraged to request the full Information Memorandum, lease summaries, and financials for further details.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Clontarf QLD 4019
Market Insights for Clontarf QLD 4019
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