Sold
5-11 Downs Street,
North Ipswich 4305, Queensland
Price withheld
Property details
-
Agents
RWC Gateway
8/229 Junction Road, Cannon Hill Queensland 4170
FREEHOLD INVESTMENT WITH LONG-TERM TENANTS
Ben Sands & AJ Calvet from RWC Gateway, as the exclusive selling agents, are pleased to present to the market for sale 5-11 Downs Street, North Ipswich. A modern, two level, freestanding, mixed use building currently leased to three long term occupants. It has a total surveyed lettable area of 1,192 square metres. The property has excellent exposure being directly adjacent the Riverlink Shopping Centre and being the main thoroughfare of Ipswich and neighbouring communities.
The property has the following investment highlights:
• A corner facing 2,078 square metre freehold site with excellent exposure improved with a modern 1,192 square metre concrete tilt panel building.
• Three (3) long term tenancies on 5-plus-year leases with further options. Bridgestone has occupied the site since 2009 and has recently renewed its lease until June 2029. Prime Performance Physio signed a new 8 year lease until January 2030. Limestone Financial Planning on a 5-year lease expiring May 2027.
• Secure income growth with landlord friendly annual reviews of CPI or 2.5%.
• Current Gross Income: $375,202.96* as of 1 July 2024.
• Estimated outgoings of $47,797.56*.
• Directly adjacent the Riverlink Shopping Centre which has generated the most foot traffic in 2022 being 9.1 million customer visits.
• 5 minute walk distance to $246 million Ipswich CBD Redevelopment
• Ipswich: booming city 28km* from Brisbane CBD, with a projected population growth of 122% to 520,000 by 2041
• Don't let this remarkable opportunity slip through your fingers. Contact us today for further information and to secure this property.
Contact us today for further information and to secure this property. Please contact the exclusive agents Ben Sands - 0432 547 164 or AJ Calvet - 0488 113 270.
* Approx.
Disclaimer:
RWC has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by RWC divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
The property has the following investment highlights:
• A corner facing 2,078 square metre freehold site with excellent exposure improved with a modern 1,192 square metre concrete tilt panel building.
• Three (3) long term tenancies on 5-plus-year leases with further options. Bridgestone has occupied the site since 2009 and has recently renewed its lease until June 2029. Prime Performance Physio signed a new 8 year lease until January 2030. Limestone Financial Planning on a 5-year lease expiring May 2027.
• Secure income growth with landlord friendly annual reviews of CPI or 2.5%.
• Current Gross Income: $375,202.96* as of 1 July 2024.
• Estimated outgoings of $47,797.56*.
• Directly adjacent the Riverlink Shopping Centre which has generated the most foot traffic in 2022 being 9.1 million customer visits.
• 5 minute walk distance to $246 million Ipswich CBD Redevelopment
• Ipswich: booming city 28km* from Brisbane CBD, with a projected population growth of 122% to 520,000 by 2041
• Don't let this remarkable opportunity slip through your fingers. Contact us today for further information and to secure this property.
Contact us today for further information and to secure this property. Please contact the exclusive agents Ben Sands - 0432 547 164 or AJ Calvet - 0488 113 270.
* Approx.
Disclaimer:
RWC has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by RWC divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
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