Located in the heart of Coorparoo's retail and residential precinct with significant exposure to Old Cleveland Road, this property represents a unique opportunity to secure a well-established Medical Centre Investment.
Coorparoo is a strong and well established suburb of Brisbane situated approximately 4 kilometres south-east of the Brisbane CBD. Known as a thriving inner-city suburb, Coorparoo is currently witnessing major residential and retail rejuvenation.
Property features include;
- Fully leased investment with WALE of 7 years
- Secure leases to high profile brand names Qld X-Ray (part of ASX listed Sonic Healthcare), Terry White Chemmart and QML
- Significant 2,496sqm* land holding fronting Old Cleveland Road
- Prominent retail exposure
- Easy and convenient access with "left hand in and left hand out" homebound access from the CBD
- Significant residential and retail development nearby
- NLA of 1,607sqm*
- Abundant under cover on site parking
- Tenants pay outgoings (excluding land tax)*
- Coorparoo - well established and well regarded residential suburb close to the City and undergoing a major rejuvenation
- Minimum of 3% pa fixed annual rent increases
- Net Income $1,134,156* plus GST
This property is being offered to the market for sale via Expressions of Interest closing Wednesday 17 May 2017 at 5pm.
For more information or to arrange an inspection please contact Exclusive Agents, Cushman and Wakefield.