MURARRIE QLD_RACQ

48 48 miller street, murarrie

Price on Request

Property Details

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

Featured Details

Gross Building Area 2967 sqm
Land Size 8,184 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: 1518

Thank you for showing interest in us.

Office Details

Level 18, 15 Castlereagh Street, Sydney NSW 2000

T 02 9232 6288 E sydney@burgessrawson.com.au

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