FULLY LEASED FREESTANDING INVESTMENT

Occupying a prominent corner position, the fully leased investment with development upside is ideally located in the heart of the rapidly transforming Fortitude Valley and is just 1.2km* from the Brisbane CBD and within 1km of Brisbane’s tunnel junction consisting of the Inner-City Bypass, AirPort Link Tunnel, CLEM7 and Legacy Way providing direct access to Brisbane’s major arterial network.

– 1,050sqm* dual tenanted office building over two (2) levels
– 1,162sqm* rectangular site with over 36m* frontage to Brunswick Street & 27m* frontage to Amelia Street
– Fully leased returning $435,629p.a.* Net income
– 3.7* year WALE (as at 01/08/2017)
– Leases feature 4% and 3.5% fixed annual increases
– Development approval for an easily constructed additional 482sqm* of floor space

 

Sales Analysis
Sale Price:$5,926,925
Sale Date:December 2017
Building Area:1,050m2*
Land Area:$1,162m2*
$/ m2:$5,645 /m2*
Yield:7.35%
No. of Prospects:120*
Market Generated:30*
Direct Contact:90*
Marketing Budget:$26,244
Sales Process:Expression of Interest