Medical/Consulting Sold - BRISBANE CITY QLD
Brisbane CBD Freehold Investment – Brand New Triple Net 12 Year Lease to 2033
Sold
Medical/Consulting Sold - BRISBANE CITY QLD

86 Astor Terrace, BRISBANE CITY QLD 4000

Sold
Brisbane CBD Freehold Investment – Brand New Triple Net 12 Year Lease to 2033
86 Astor Terrace, BRISBANE CITY QLD 4000
Property Features
  • Medical/Consulting
  • Land is 816 m²
  • Floor Area is 1,303 m²

Description

Sold
Medical/Consulting
Description

Brisbane CBD Freehold Investment – Brand New Triple Net 12 Year Lease to 2033

Medical/Consulting Sold - BRISBANE CITY QLD

Blue-Chip Asset in the City of Brisbane, strong underlying land value
A truly unique & rare trophy CBD
Brand new 12 year triple net lease to 2033 + options to 2041
Brisbane City Child Care – highly qualified childcare provider in operation since 2004
Minimum of 3% compounding annual rent increases
Triple Net Lease: Tenant pays 100% of outgoings including all maintenance, capex, land tax, rates, electricity, management fees and all insurances
Future development upside, potential to build a 15 story high rise (STCA)
Licenced for 147 Long Day Care places
17 off street carparks accessed from John Street with 14 being internal and secure plus 4 external 15 minute drop-off bays
Desirable 2 street frontages, Astor Terrace & John Street
Self-contained 1,303sqm building plus onsite internal secure parking and four levels of childcare accommodation
Freehold site area of 816sqm
Brisbane’s population is over 2,400,000 and forecast to rapidly increase to 3,180,000 by 2031
Net income: $672,379 pa + GST

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 31 March 2021

This property is being sold by auction, or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Property Features
  • Medical/Consulting
  • Land is 816 m²
  • Floor Area is 1,303 m²
Commercial Features
Highlight 1

New 12 year triple net lease

Highlight 2

Minimum 3% annual rent increases

Highlight 3

Development upside

Pat Kelly
+61 0412244456
07 3145 1201
Michael Vanstone
0403 580 528

Agent iNFORMATION

Pat Kelly
Mobile +61 0412244456
Office 07 3145 1201
Michael Vanstone
Mobile 0403 580 528

Make an Enquiry

07 3220 3611

Level 24, 324 Queen Street
Brisbane Qld 4000

Other Properties

Make an Enquiry

07 3220 3611

Level 24, 324 Queen Street Brisbane Qld 4000