SOLD - Brisbane CBD - Affordable CBD Liquor Store Investment - Renewed 12 Year Lease

Cushman & Wakefield’s National Investment Sales team is pleased to present to the market Shop 1, 10 Market Street, Brisbane for Sale via Offers to Purchase.

The property has the following key characteristics:

• Renewed 12 year lease to 2032 + option to 2037
• Malt Traders - Longstanding, boutique, multi-site liquor store and bar operator with proven track record
• Strongly patronised store with the tenant in occupation 8+ years
• Well appointed liquor outlet and bar with direct exposure to Dexus’ $2.1 Billion* Waterfront Precinct Development
• Diversified and unique offering used as the distribution centre for tenant’s booming online sales business
• Coveted liquor asset class, recession and pandemic proof sector with sales up 26.7% nationally in 2020
• Strategic Brisbane CBD ‘Golden Triangle’ location within the professional services hub and in close proximity to the city’s premier office buildings and entertainment precinct
• Brisbane City - Thriving metropolis & QLD’s economic engine with $14.2 Billion investment and development pipeline
• Lease secured by Bank Guarantee and Director’s Personal Guarantee
• Fixed 3% annual rent increases
• Net Income $93,375 pa + GST

For more information please contact the exclusive property professionals at Cushman & Wakefield.