Prime Inner-City Freehold with Longstanding Secure Tenant

Offices - KELVIN GROVE QLD

– One of the most desirable freestanding properties within the Kelvin Grove precinct, just 2km from the Brisbane CBD
– New 5 year lease to May 2026 plus 1 x 5 year option 8 Commanding main arterial road position, with more than 54,422 vehicles passing daily 8 Prime 486sqm land parcel with two street frontages in the tightly held pocket of Kelvin Grove
– 796sqm of floor area across three levels 8 Carparking on-site for up to 10 cars
– Located within the Kelvin Grove Urban Village area including the Queensland University of Technology (QUT) Education Precinct, QUT Creative Industries Precinct and Kelvin Grove Secondary College
– Future income and development opportunities
– Tenant pays 100% of outgoing (excluding land tax)
– Annual 3% or CPI increases, whichever is greater
– Net Rent: $159,650 + GST (as at June 2022)