Prime Inner City Freehold – Major Growth Location National Government Supported Tenant
21 McLachlan Street, Fortitude Valley QLD
Property Highlights
Single tenant investment
Brand new high quality fitout
New 7 year lease to 2024 + option
Description
New 7 year lease to 2024 + option to 2029
ARRB Group Ltd: 55 year old national road transport and research organisation
Brand new high quality building refurbishment with capital intensive tenant fitout
635 sqm building area over two levels
364 sqm freehold site on Brisbane CBD fringe
Fixed 3% annual rent increases providing guaranteed growth
Single tenanted investment with minimal ongoing management
Fortitude Valley: the heart of Brisbane’s commercial and entertainment district on the fringe of the CBD and surrounded by Public transport options
Net Income: $281,876 pa + GST ($291,351 pa as at 1 August 2018)
Auction 11am Wednesday 9 May 2018
River Room, Crown Casino, Melbourne
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Commercial
Land Size
364 SQM
Building Area
635 SQM