Description
High Exposure Investment with Future Development Upside
Retail - Mitchelton QLD
Positioned on busy Samford Road, less than 8km from Brisbane City this property provides a unique opportunity to secure a tenanted investment with endless future development upside.
On offer is a substantial 1,197sqm corner parcel of land currently tenanted to KC Dry Cleaning on a 5-year lease to 30 June 2025.
Located in the thriving Mitchelton precinct with Gaythorne RSL, Brookside Shopping Centre, childcare, fast food and auto retailers all located in close proximity.
Privately held by same family for more than 30 years, this property offers endless opportunities with a strong holding income in place.
This property must be sold! Offers close 16 July 2024.
PROPERTY HIGHLIGHTS
• Unbeatable exposure and street frontage to over 50,000* cars daily
• Substantial 1,197sqm corner landholding fronting busy Samford Road
• Held by same family for 30+ years
• High underlying land value
• 5-year lease to June 2025 + 1 x 5 year option
• Currently tenanted to KC Dry Cleaning: national business with 20 locations across Queensland, South Australia and Victoria
• Tenant pays all outgoings as per the lease
• Annual CPI increases
• Net income: $89,717pa + GST
OFFERS CLOSING TUESDAY 16 JULY 2024.
For further information contact Exclusive Agent Sarah Broad 0475 944 322.
Property Features
- Retail
- Land is 1,197 m²
- Floor Area is 1,197 m²
Commercial Features
Highlight 1
Huge 1,197sqm Samford Road position
Highlight 2
Investment + Development Opportunity
Highlight 3
8km from Brisbane CBD
