Prime City Fringe Boutique Retail with New 10 Year Leases + Options to 2037

45 Wellington Road, EAST BRISBANE QLD

Property Highlights

Prime City Fringe Boutique Retail

New 10 Year Leases + Options to 2037

Fixed 4% Annual Rent Increases

Description

– Two premium retail offerings in Brisbane’s newest boutique apartment development “The Wellington” only 1.5kms from the CBD, at the hub of Brisbane’s globally recognised inner suburbs of Southbank, West End and Kangaroo Point. Settlement and completion not until September 2017
– Both with new 10 year leases plus options to 2037
– Attractive fixed 4% annual rent increases
– Tenants pay outgoings, as per leases

Cosmetic Surgery Clinic:
– High profile Medical Clinic (established 2003)
– NLA: 771 sqm on 3 separate titles, to be sold in one line or separately
– Net Income: $627,887 pa + GST

Min & Co. by Phillip Dibella:
– Latest flagship store design (brand established 2002) and operating as a restaurant and coffee roastery
– NLA: 169 sqm
– Net Income: $135,248 pa + GST

Property Details

Listing
Sale
Gross Building Area
940 SQM

Contact Agents

Glenn Conridge

0413 873 337

Michael Gilbert

0430 024 790

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