+29 Photos

47 Shore Street West, Cleveland, QLD, 4163

Properties / Buy / Queensland / Cleveland

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Price on Request

Land Area

4,617 m² (*approx)

Floor Area

2018 m² (*approx)

Property Type

Retail, Other

Sub-type

Strip Retail, Service Station, Mixed Use

Est. Income

$623,670 p/a

Fully Leased

MyCar, Uniting Care (Lifeline), Salvation Army Australia

Show All

2. Property Highlights

Ultra Modern Metropolitan Retail Centre | Automotive & Retail Giants

Built 2024 - Maximum Depreciation
193,000 Vehicles Passing Weekly
Prized Metro Brisbane Location

Burgess Rawson is pleased to offer to the market this Blue Ribbon Metro Tyre & Auto Large Format Retail Investment located at 47 Shore Street West Cleveland (Brisbane) QLD, for sale via Expressions of Interest.

The property has the following investment highlights:

+ Brand new leases up to 10 years plus options extending through to 2054

+ MyCar: one of Australia’s largest tyre & auto brands, with over 270 stores nationally. Subsidiary of German Automotive Giant Continental AG who operate in over 56 countries with over 200,000 employees and a market cap of €11 Billion.

+ Uniting Care (Lifeline): leading provider of social services throughout Australia, supporting 1.4 million people annually with $1.7 billion of revenue reinvested into the community and $2.3 billion in total assets owned

+ Salvation Army Australia: 140+ year old ‘government funded’ retailer with over 400 stores nationally and an aggressive growth strategy

+ Brand new state-of-the-art 2,018sqm* building

+ Strategically positioned 4,617sqm* standalone main road landholding

+ Attractive fixed 3.5% compounding annual rental increases guaranteeing strong rental growth

+ Brand new 2024 construction offering maximum depreciation benefits

+ Prime position with 80 metres* of frontage onto Shore Street West, Cleveland’s main road that carries 193,000* vehicles weekly**

+ Strategically located within close proximity to globally renowned tenants, McDonald’s, KFC, Guzman y Gomez and 7-Eleven

+ Cleveland: highly sought after Bayside suburb of Brisbane with a median house price over 40% higher than the state average***

+ Net Income: $591,426 pa* + GST

For Sale by Expressions of Interest

Closing 4pm AEST Thursday 21 November 2024

*Approx

** Gap Maps

*** REIQ

Remember to mention you found this property on CommercialReady

Tenanted Investment

1. Property Summary

Property Type

Retail, Other

Sub-type

Strip Retail, Service Station, Mixed Use

Est. Income

$623,670 p/a

Number Of Tenants

Tenant

MyCar, Uniting Care (Lifeline), Salvation Army Australia

Land Area

4,617 m² (*approx)

Floor Area

2018 m² (*approx)

Selling Method

EOI

Selling Details

Price on Request

2. Property Highlights

Ultra Modern Metropolitan Retail Centre | Automotive & Retail Giants

Built 2024 - Maximum Depreciation
193,000 Vehicles Passing Weekly
Prized Metro Brisbane Location

The property has the following investment highlights:

+ Brand new leases up to 10 years plus options extending through to 2054

+ Salvation Army Australia: 140+ year old ‘government funded’ retailer with over 400 stores nationally and an aggressive growth strategy

+ Brand new state-of-the-art 2,018sqm* building

+ Strategically positioned 4,617sqm* standalone main road landholding

+ Attractive fixed 3.5% compounding annual rental increases guaranteeing strong rental growth

+ Brand new 2024 construction offering maximum depreciation benefits

+ Prime position with 80 metres* of frontage onto Shore Street West, Cleveland’s main road that carries 193,000* vehicles weekly**

+ Strategically located within close proximity to globally renowned tenants, McDonald’s, KFC, Guzman y Gomez and 7-Eleven

+ Cleveland: highly sought after Bayside suburb of Brisbane with a median house price over 40% higher than the state average***

+ Net Income: $591,426 pa* + GST

For Sale by Expressions of Interest

Closing 4pm AEST Thursday 21 November 2024

*Approx

** Gap Maps

*** REIQ

Remember to mention you found this property on CommercialReady

47 Shore Street West, Cleveland, QLD, 4163 Cleveland

Enquire

Burgess Rawson - Queensland

Level 13, 241 Adelaide Street, Brisbane QLD 4000

View Agency Profile

Andrew Havig

+61 *** *** *** show +61 478 010 990

Josh Scapolan

+61 *** *** *** show +61 484 229 829

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

47 Shore Street West, Cleveland, QLD, 4163