Retail Sold - FLAGSTONE QLD
Mortgagee Exercises Power of Sale - Development Upside
Sold
Retail Sold - FLAGSTONE QLD

Corner Teviot Road & Cusack Lane, FLAGSTONE QLD 4280

Sold
Mortgagee Exercises Power of Sale - Development Upside
Corner Teviot Road & Cusack Lane, FLAGSTONE QLD 4280
Property Features
  • Retail
  • Land is 19,200 m²
  • Floor Area is 142 m²

Description

Sold
Retail
Description

Mortgagee Exercises Power of Sale - Development Upside

Retail Sold - FLAGSTONE QLD

+ Near New 12 Year Lease to 2030 plus Options to 2050
+ 7- Eleven: Australia’s #1 Convenience Retailer with 700 + Locations & 38 % Market Share
+ Greater Flagstone population forecast for unprecedented growth from 5,902 to 120,000. Expect major developments include – 50,000 dwellings plus major commercial and education precincts
+ Attractive net lease with fixed, compounding 3.5% annual rent increases
+ As new improvements built 2018 , significant depreciation benefits – estimated 74% of first years rent is income tax free
+ Development Upside: High Profile 1.92 ha corner site with major exposure to arterial intersection – potential for future Fast Food, Childcare, Supermarket, Retail, Residential developments (STCA)
+ Tenant pays all usual outgoings as per the lease – excluding land tax
+ Located on the central intersection of Cusack Lane (major arterial to Gold Coast) and Teviot Road (major arterial to Brisbane)
+ Only 1.5km to Flagstone Central – anchored by Woolworths, and only 3km to Flagstone’s fast emerging CBD.
+ Net Income : $290,867.00 pa +GST

Auction: 10.30 am AEDT, Wednesday 9 December 2020
Venue: Crown Casino, Melbourne (interstate bidding options available on the day)

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
  • Retail
  • Land is 19,200 m²
  • Floor Area is 142 m²
Commercial Features
Highlight 1

Near 12 Year Lease to 2030 + Options

Highlight 2

Fixed 3.5% annual rent increases

Highlight 3

Significant Development Upside

Pat Kelly
+61 0412244456
07 3145 1201
Doug Doyle
0400 564 623

Agent iNFORMATION

Pat Kelly
Mobile +61 0412244456
Office 07 3145 1201
Doug Doyle
Mobile 0400 564 623

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