Pharmacy Anchor The Right Medicine For Investors

Ray White Retail are proud to have sold 299 Sandgate Road, Albion.

|What|
• 486sqm* freestanding building known as 'Wyllie's Building'
• Two tenancy layout with a longstanding healthcare anchor and vacant tenancy ready for immediate occupation
• WALE of 2.40 years (by area)
• Landlord-owned restaurant fitout in place, with potential to reposition into alternative retail and healthcare use
• Estimated fully leased net income of $260,040 + GST p.a.

|Where|
• Prominent 535sqm* corner site with frontage to Sandgate Road, a major Brisbane arterial
• Exposure to 212,200* vehicles per week
• 4km* north of Brisbane CBD in Albion's tightly held retail corridor
• Situated less than 100m* from Albion Train Station and "The Albion" redevelopment, set to deliver 456 new apartments

|Why|
• Strong 6.5% return on a fully leased basis
• Secure lease until 2029 to Albion's only pharmacy
• ScriptRite have been operating from this location since 2013
• Ideal for both investors and owner-occupiers looking to secure a foothold in one of Brisbane's most connected growth suburbs

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