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281-283 Brisbane Road, Monkland, QLD, 4570

Properties / Buy / Queensland / Monkland

Tenanted Investment

1. Property Summary

Selling Method

Private Sale

Selling Details

Contact Agent

Land Area

4,684 m² (*approx)

Floor Area

1727 m² (*approx)

Property Type

Retail, Offices

Sub-type

Strip Retail

Est. Income

$351,881 p/a

Fully Leased

Petstock, Fitstop, OMF and Country Care

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2. Property Highlights

Large format retail – tenanted investment

4 tenancies, returning $351,881pa net
1,727sqm of lettable area
Prominent corner position on main road

281-283 Brisbane Road is a large format retail centre located on one of the most prominent corner sites leading into Gympie from the South.

The location is one of the best in the precinct, on a highly visibly corner block in the key large format retail precinct of the town. All 4 tenants in the complex operate nationally, providing extremely strong lease covenants.

The property was built in 2014 and consistently attracts strong tenant demand with limited other options within the town for quality buildings, with main road frontage.

There are few opportunities to acquire freestanding, multi-tenanted retail investments of this calibre.

Property features:

• 1,727sqm of lettable area on a 4,684sqm site

• Currently split into 4 tenancies – 100% occupancy

• Tenants include Petstock, Fitstop, OMF and Country Care

• WALE 4.5 years, all tenants have at least 3 years remaining on their lease, with further options

• Net income $351,881 per annum

• Building construction in 2014 with depreciation benefits still available

• Surrounding retailers include Mitre 10, Bunnings, Harvey Norman, BCF

• On-grade car parking

• Flood free location

For further information or to arrange an inspection, please contact the exclusive marketing agent Louisa Blennerhassett.

*Approx

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