A modern Brisbane fringe retail and allied health investment underpinned by long leases with two established operators.
This property occupies a high–profile corner site, in front of a busy roundabout that offers easy access and excellent signage exposure along a busy road that sees tens of thousands of vehicles passing daily. It has a total NLA of 351m2* across two floors and exclusive on–site parking for 2 vehicles. The property is underpinned by two established tenants, Elinay Cosmetic Surgery Centre and Wilson Property Group Elinay Cosmetic Surgery Centre are on a 7–year lease to 2031, plus have a 5–year option to 2036 and fixed increases being the greater of CPI or 3.5%. Wilson Property is on a 5–year lease to 2027, plus have a 3–year option to 2030 and 4% fixed increases.
report, bank fees)
Purchasing Costs
Key Highlights
• A–Grade allied health and professional services investment
• Unmatched location, connectivity, and exposure
• High quality medical / retail asset class
• Dual–tenanted strata titled investment
• Solidified and established tenants
• Zoned: Neighbourhood Centre
• 2 onsite parking bays (at rear)
• Total NLA: 301m2* + 15m2* Balcony + 36m2* Courtyard
• Unit 7: 145m2* + 15m2* Balcony
• Unit 8: 156m2* + 36m2* Courtyard
• Net Income: $141,259* pa
• Compouding increases: 4% and greater of CPI or 3.5%
• High profile and exposed position on busy roundabout facing Days Road
• Depreciation benefits available for incoming owner
• Grange: Established inner city Brisbane suburb only 6km from the CBD
• Quality internal fit out and finishes in place
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