99 Musgrave Road, Red Hill, QLD 4059

Offices | Medical | Retail

For Sale Please contact agent

  • Property ID: 394346
  • Floor Area: 1056m²
  • Land Area: 1003m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Two Buildings on Irreplaceable Inner City Corner Site

Colliers is pleased to offer a fantastic multi-tenanted investment opportunity across two free-standing buildings on a prominent corner inner-city position located just 2kms* from Brisbane CBD. The property provides strong passing income from Building A
with the opportunity to owner occupy Building B. The asset is further benefited from a commercial billboard providing a strong long-term income stream . We are offering 99 Musgrave Road, Red Hill for sale via National Expressions of Interest closing on Wednesday 14 July 2021 at 3pm, (AEST).
Highlights of the opportunity:
- Two high quality commercial buildings
- Building A is fully leased returning $314,839p.a* gross with 5.86* year WALE by income as at 1 July 2021
- Building is B can be sold with vacant possession (owner occupiers) or with short and long term leaseback options
- Building A - 509sqm* (fully leased)
- Building B - 547sqm* (vacant or leaseback)
- 1,003sqm* corner site with key north-west corridor
- 20 onsite car parks
Please contact the exclusive agents below for a copy of the Information Memorandum or to arrange an inspection.
Approximate*

Red Hill Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $9355 --- ---
Offices --- $477 ---
Retail --- $423 ---
This is the average advertised price, rent and yield for Red Hill, QLD 4059*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in QLD for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Tools

  Colliers International - Brisbane

 

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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