Positioned at 299 Sandgate Road, Albion, the 486sqm* freestanding heritage building known as Wyllie’s Building is being offered for sale at $4,000,000, representing a 6.5 per cent fully leased yield. The property occupies a high-profile 535sqm* corner landholding at the intersection of Sandgate Road and Lever Street, just 4km from the Brisbane CBD.
“This is an iconic Albion property with real flexibility. It suits investors chasing strong income as well as owner-occupiers looking for a foothold in a booming precinct,” said Mr Routledge.
"Albion is going from strength to strength with major urban renewal and residential growth right on the doorstep.”
The building features two tenancies, including ScriptRITE Pharmacy, the only chemist in Albion, which has occupied the site since 2013 and is secured until 2029. The second tenancy, a 194sqm* vacancy, includes a landlord-owned restaurant fitout, offering immediate occupancy or conversion potential.
The property benefits from corner frontage to over 212,200 vehicles weekly, proximity to Albion Train Station, and is just 100 metres from the $750 million ‘The Albion’ redevelopment.
“This location has it all. It’s high-exposure, connected, and supported by solid pharmacy income. Plus, the Albion market is growing rapidly and attracting strong attention from both investors and occupiers,” said Mr O’Keeffe.
299 Sandgate Road is offered for sale at $4,000,000.
