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SOLD - Rochedale South (Brisbane) - Rare 20 Year Net Lease - Strong Performing Brisbane Centre
19-21 Beverley Avenue Rochedale South QLD 4123
Investments
Investment
Property No.
Key Property Highlights
| Building Area | 825 sqm |
|---|---|
| Land Area | 1804 sqm |
| Parking | Ample off street parking |
| Listing Status | Sold |
Cushman & Wakefield are pleased to present to the market 19-21 Beverley Avenue, Rochedale South (Brisbane) for sale via Public Auction.
The property has the following key characteristics:
- Rare 20 year lease to 2039 + options
- Well established Centre with a formidable 10 year trading history and high levels of occupancy
- Well positioned centre with 3 street frontages and 130m to major thoroughfare Underwood Road
- Rochedale - Strong and growing residential suburb 17 kms south of Brisbane CBD
- Strategic position - 10 schools within 3 kms and close to IGA anchored Rochedale convenience centre
- Purpose built childcare centre licensed for 90 Long Day Care places with ample off-street parking
- Highly secure ratchet lease provisions - ensuring rent cannot decrease during life of lease
- Tenant pays all usual outgoings including Land Tax
- Minimum 3% annual rent increases
- Net Income $210,000 pa + GST
The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 22 August at 2pm at the Cushman & Wakefield Sydney Office, located on Level 22, 1 O’Connell Street, Sydney NSW 2000.
Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.
Should you have interest in bidding on the property from one of these locations, please liaise with the exclusive agents.