Prime Brisbane City Fringe Retail – 10 + 10 Year Lease to National Tenant

Lot 5/55 Railway Terrace, Milton QLD

Property Highlights

10 + 10 year lease to Nov 2035
Fixed 3.5% annual rent increases
National tenant

Description

National tenant with 13 stores in Australia, 2 internationally & over 400 employees
Quality A-grade presentation and fit-out with alfresco dining and bar areas
2km stroll from the CBD in “The Milton” complex adjacent to new Railway Transit Centre with massive pedestrian traffic flow
One of the first suburbs to undergo urban revitalisation, originally Brisbane’s “Little Europe”, with a flurry of restaurants, cafe’s, bars and shops
Building area 434 sqm
Tenant pays all outgoings as per the lease
Minor DKL Food Group is the franchisor of The Coffee Club, Ribs & Rumps with a combined 450 stores in 9 countries
Net Income: $296,334 pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
434 SQM
Building Area
434 SQM

Contact Agents

Glenn Conridge

0413 873 337

Contact Me

Rhys Parker

0451 101 042

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