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Burcott Road Property Advisory are pleased to offer this outstanding inner north investment opportunity, surrounded by high value residential and world class residential development. The asset will be sold fully leased to Cornerstone Christian Church, a long standing pillar of the inner north community, providing surety of income whilst future repositioning strategies are assessed.
Key selling features include;
• A high profile 5872sqm corner block located directly adjacent to Brickworks Park, a high profile apartment and townhouse development being undertaken by CDL Australia;
• A location only 700 metres from Newmarket Train Station and Alderley Train Station, and surrounded by high value residential dwellings;
• An 2590sqm existing industrial office and warehousing facility which has been converted to include office, auditorium areas, dance studio areas and industrial warehousing;
• Huge hardstand and parking areas at both side and rear of the property;
• Zoned for Low Impact Industry with an overlay as part of the ‘Brickworks Precinct’ which gives a range of potential future redevelopment upside options;
• Will be sold fully leased with an annual return of $461,200 per annum net plus GST on a 2 year initial leaseback term. Vendor will consider non-conforming bids which add value to their operations, with examples including the ability for an incoming user to partially occupy the site.
Property will be sold via Expressions of Interest closing 27th February 2025.
Burcott Road Property Advisory are pleased to offer this outstanding inner north investment opportunity, surrounded by high value residential and world class residential development. The asset will be sold fully leased to Cornerstone Christian Church, a long standing pillar of the inner north community, providing surety of income whilst future repositioning strategies are assessed.
Key selling features include;
• A high profile 5872sqm corner block located directly adjacent to Brickworks Park, a high profile apartment and townhouse development being undertaken by CDL Australia;
• A location only 700 metres from Newmarket Train Station and Alderley Train Station, and surrounded by high value residential dwellings;
• An 2590sqm existing industrial office and warehousing facility which has been converted to include office, auditorium areas, dance studio areas and industrial warehousing;
• Huge hardstand and parking areas at both side and rear of the property;
• Zoned for Low Impact Industry with an overlay as part of the ‘Brickworks Precinct’ which gives a range of potential future redevelopment upside options;
• Will be sold fully leased with an annual return of $461,200 per annum net plus GST on a 2 year initial leaseback term. Vendor will consider non-conforming bids which add value to their operations, with examples including the ability for an incoming user to partially occupy the site.
Property will be sold via Expressions of Interest closing 27th February 2025.
81 Mina Parade, Alderley, QLD, 4051
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