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SOLD

149 George Street, Beenleigh, QLD, 4207

Properties / Sold / Queensland / Beenleigh

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

PLEASE CONTACT EXCLUSIVE AGENTS

Land Area

2,596 m² (*approx)

Floor Area

366 m² (*approx)

Property Type

Retail

Sub-type

Cafe/Restaurant

Terms

Underpinned by secure long-term 10 year leases

Est. Income

$331,000 p/a

Fully Leased

Taco Bell & The Yiros Shop

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2. Property Highlights

ULTIMATE CONVENIENCE TROPHY INVESTMENT UNDERPINNED BY STRONG PERFORMING DRIVE-THRU RETAILERS

Strong performing drive-thru retailers
Secured by long-term 10 year leases
Significant depreciation benefits

CBRE Retail Investments are pleased to present to market 149 George Street, Beenleigh.

- Underpinned by secure long-term 10 year leases to Taco Bell & The Yiros Shop, with excellent income security via a lengthy 7.3 year WALE (by income).

- Commanding 2,596m2* site with a 46m* direct frontage to George Street and positioned alongside Hungry Jacks and opposite Beenleigh Marketplace Shopping Centre, providing excellent traffic generators.

- Located in a major growth corridor area at the midway point between Brisbane and the Gold Coast, the property is situated 33km* south-east of the Brisbane CBD and 38km north-west* of Surfers Paradise.

- The rising construction cost environment further underpins this built form asset as a purchase well below replacement cost with the opportunity for revisionary income in the future.

- Recently built in 2020, the property offers significant depreciation benefits and a tax effective income stream.

- Easily managed and defensive income stream with built in income growth of 3% per annum.

- Net Income $331,000 per annum*^ + GST.

For Sale via Expressions of interest closing Thursday 23rd November 2023 at 4:00pm (AEST).

For further information, please reach out to the sales and marketing agents.

*Approximate. ^As at 1 March 2024

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