 Asset Class: | Other |
 Price: | $ 5130000 |
 Net Yield: | 6.60 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
Presenting a strong performing muti-tenanted centre investment opportunity at 26 East Street Ipswich QLD 4305. <br><br>This complex is featuring a 780 m2 of net lettable area situated atop of large 1,619 m2 of CBD primary commercial zoned land on the Ipswich Region. The investment is anchored by 2 x tenants, Stride Mental Health Limited and Blue Iris Support Services Pty Ltd and it is currently returning a net income of $341,041* per year. <br><br>Testament to the profile and strength of this tenancy and the location, this property is surrounded by several high-profile tenants such as <span style="color:rgb(51, 51, 51);"><b>Coles, Officeworks, 99 bikes, Subway, Art Gallery, Oaks Hotel and Bob Jane Tyres.</b></span><br><br>This investment offers investors the opportunity to secure a well presented and strong performing asset with 2 reputable tenants. 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.
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Ipswich, situated 30km west of the Brisbane CBD, is easily accessible via the Ipswich Motorway, Cunningham Highway and Warrego Highway.<br><br>Ipswich is the fourth largest and fastest growing City in Queensland with a current population of over 242,600 people and an average growth rate of 3.4% pa in the 5 years to 2022. The region is expected to grow by 5.1% annually to more than 529,000 residents by 2046 – more than double its current population and representing 14.5% of the total population growth of Queensland during this period. Ipswich has a current gross regional product (GRP) of over $12 billion, boasting an average growth of 3.7%; higher than Australia’s 2.47% over the last 10 years.<br>
Additional Location Information File<span style="color:rgb(31, 31, 31);"><b>Stride Mental Health</b></span><br><span style="color:rgb(31, 31, 31);font-weight:normal;">Website: </span><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://stride.com.au/"><u>Mental Health Support | Comprehensive Services Australia - Stride</u></a><span style="font-weight:normal;"></span><br><br><span style="color:rgb(0, 29, 53);"><b>Blue Iris Support Services</b></span><br><span style="color:rgb(31, 31, 31);">Website: </span><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://blue-iris.com.au/"><u>NDIS services Toowoomba | Blue Iris</u></a><span></span>
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Additional Financial Information FileInitial Term:
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Due Diligence:
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● 1,619 m2 Total Land Area <br>● 780 m2 Total Net Lettable Area<br>● CBD primary commercial zoning <br>● 100% leased to Reputable Tenants <br>● Has recently undergone a substantial renovation <br>● Combination of 3.5% and 4% annual rent increases <br><b>● Surrounded by several high-profile tenants such as Coles, Officeworks, 99 bikes, Subway, Art Gallery, Oaks Hotel and Bob Jane Tyres </b><br>
