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Entry Level Brisbane Automotive Investment | Brand New 10 Year Lease

102 George Street, Beenleigh QLD

Property Highlights

Tenant on-site for 30+ years
Favourable 'Centre' zoning
Adjoining Beenleigh Marketplace
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Description

Burgess Rawson is pleased to offer to the market 102 George Street, Beenleigh QLD for sale via our Investment Portfolio 168.

This opportunity has the following key investment highlights:

+ Brand new 10 year lease to Beenleigh Mufflers, Brakes and Mechanical – locally owned and operated business servicing Beenleigh for over 30 years with an established customer base
+ Prime location within Beenleigh’s retail and commercial precinct with historically low vacancy rates and minimal tenant turnover
+ Fixed 3% annual rent increases, providing strong rental growth
+ 762sqm* ‘Centre’ zoned freehold site located in the heart of Beenleigh directly off the Pacific Motorway
+ Seamless integration with Beenleigh Marketplace, a major neighbourhood shopping centre anchored by Woolworths and BIG W, supported by 55+ specialty tenants and 900+ car parks
+ Strategically positioned automotive retailer within 100 metres* of Beenleigh Train Station, connecting the area to Brisbane, Logan, Ipswich and the Gold Coast
+ 36,638 motor vehicles within a 5km radius*, further highlighting the strength of the trade catchment and long-term tenant security
+ Single tenant minimum management investment
+ Located 32km* south of Brisbane CBD within a significant Brisbane/Gold Coast residential growth corridor, with an additional 70,000 new dwellings forecast for Logan City by 2031*
+ Logan City Council: second fastest growing LGA in South-East Queensland, with the population forecast to increase 47% by 2041 to over 500,000 residents and $1.2 billion committed in future capital works projects*
+ Net Income: $88,888 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 16 May 2024
The Hilton, Brisbane

Bidder registration required, register at portfolioauctions.com.au

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Automotive
Land Size
762 SQM
Building Area
349 SQM

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