Fully leased since 2007 to RACQ Insurance Limited with current net lease to November 2017 plus 5 year option to 2022.
Unrivalled lease covenant - RACQ, Queensland's premier motoring and insurance group with 1,700 employees.
Substantial 8,184 sqm land with modern 2,967 sqm building.
Abundant parking for 143 cars, high parking ratio 1:21.
Current DA for additional 1,450 sqm office/warehouse.
Generous 4.5% and 4% rent increases.
Sought after location, surrounded by Queensland Newspapers, Spotless, Ricoh, Toll, Toshiba & Alstom.
7km from Brisbane CBD, 10 km from Airport and minutes from Gateway Bridge on ramp and Port of Brisbane.
2.5 Star NABERS Energy Rating.
Net Income: $1,448,077 pa + GST (as at November 2015).
Indicative Asking Price $16,000,000. Net Yield 9%
Darren Beehag 0411 226 223
Pat Kelly 0412 244 456
Jamie Perlinger 0413 860 315
|Gross Building Area