 Asset Class: | Retail |
 Price: | $ 800000 |
 Net Yield: | 6.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
Presenting an outstanding of-market tenanted investment opportunity, strategically located only 1.8 Kms from the Brisbane CBD. <br><br>Situated in a prime retail location within the city, this retail shop offers stability with long-term tenants who have occupied the space for decades. With high foot traffic passing by daily and surrounded by national and international businesses, the property enjoys excellent visibility and potential for customer engagement. <br><br>Furthermore, the convenience of nearby public transport facilities adds to its accessibility and attractiveness to both customers and tenants alike. <br><br>Showing a strong yield of 6.5% net this property is ideal for a new commercial investor who wants cashflow and growth for their asset.<br><br>Don't miss the chance to capitalise on this fantastic opportunity to purchase a tenanted investment in a fully developed area with minimal option ever available. <br>
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The Fortitude Valley is a vibrant inner-city suburb of Brisbane just 1.5km* north of the CBD. Known as the heart of Brisbane’s entertainment precinct. <br><br>Fortitude Valley is the go-to for a thriving live music scene, plethora of unique retail outlets, boutiques, galleries, and some of the best restaurants, cafes, bars, and hotels in Brisbane. It is also home to the renowned cultural precincts of Brunswick Street Mall, Chinatown, James Street, and Howard Street Wharves.
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Tenant Name</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">: Lucky 1 Convenience Store </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>NLA:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> 72 m2 </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Lease:</b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> New 2 x 3 Year Lease </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Outgoings: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">100% of the outgoings to be paid by the tenant including sinking fund, land tax and property management </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Net Income: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">$52,000</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Annual Increases: </b></span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">4% </span></p></li></ul>
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Subject Property: $722 Per Sqm 281 Brunswick Street Fortitude Valley QLD: Zambrero: 94 m2 of NLA: $1,750 per Sqm Brisbane City Council: 85 m2: $1,705.88 per sqm Oporto: 144 m2 of NLA: $1,652.29 per Sqm 230/247 Wickham Street, Fortitude Valley, QLD 4006: 35 m2 of NLA: $823 per Sqm
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">High profile Brisbane CBD Asset </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Prime retail investment location in an action-packed inner-city hospitality precinct </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Adjoins the Brunswick Street Mall, benefitting from late night trade </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">72SQM* Retail space suited towards food, bar or convenience</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Dual shop access with Bus stop directly outside</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Equipment in place - fully fitted convenience store with 8 fridges/freezers.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">New 2 x 3 Year Lease in place returning $52,000.00 + GST + Outgoings</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">16 SQM* of Storage which has exclusive use</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Exceptional amenities and attractions surround this prime corner such as the Fortitude Music Hall, the Brunswick Mall, Hotels, Office buildings and Valley Metro.</span></p></li></ul>
