Colliers International are pleased to offer a premium retail investment opportunity as part of Brisbane's newest high-end residential development, Spire Residences, for sale via Expressions of Interest.
Spire Residences is an iconic residential tower in the heart of Brisbane’s CBD. Perfectly positioned between Ann Street and Queen Street, Spire is an architectural work of art set to become one of the most sought after addresses in the city.
Lots 2 and 3 on the ground floor of Spire Residences have recently been leased to upscale pan Asian restaurant ‘Spice Den’ on a brand new 10 + 10 year lease.
The retail opportunity boasts high visibility to one of the inner city’s major thoroughfares, Ann Street, leveraging off both passing vehicle and foot traffic, as well as the captive market of building occupants above.
Key features of this premium retail investment include:
• Premium retail investment in the heart of Brisbane’s CBD
• Established restaurant tenant ‘Spice Den’
• 10 year term + 10 year option
• Base income of $150,500* (excluding land tax)
• 4% fixed rental increases annually
• Net lease structure
• Tenancy net
lettable area of 215m² • 26m² storage area • 36m² additional exclusive use dining area • Brand new construction and fitout with depreciation benefits • Spire Residences consists of approx. 340 1 & 2 bedroom apartments • Walking distance to Fortitude Valley, Eagle Street Pier, Queen Street Mall, China Town and all forms of public transport including bus, rail and ferry. This unique once in a lifetime investment opportunity is exclusively presented to the market for sale via Expressions of Interest closing 2 November 2017. Please contact the exclusive marketing agents at Colliers International for any further details. *approximate. CPF http://www.colliers.com.au/131548/