SOLD! The Ultimate Inner City Freestanding Retail Asset. Flagship Premises with World Class Fit-out and Design.

123 melbourne street, south brisbane qld

Price on Request

  • New 7 year lease plus options to 2029
  • Premier inner city location
  • Fixed 3.5% annual rent increases

Property Details

Brand new 7 year lease until 2024 plus option to 2029.
Premier Inner City location less than 1 km from the Brisbane CBD.
Investment Security – Leased to Commonwealth Bank of Australia: Top 20 ASX listed company with market Cap of $139 billion.
Dominant location at the corner of one of Brisbane’s busiest intersections (Melbourne & Cordelia Street).
High underpinning land value with future 10 storey development options in next residential cycle.
Triple net lease: 100% of outgoings recoverable from tenant incl. land tax.
Extremely rare freehold site surrounded by significant residential and commercial density.
South Brisbane: Brisbane’s premier lifestyle, recreation, entertainment and business precinct – situated in the heart of the high profile fish lane precinct.
Fixed 3.5% annual rent increases providing guaranteed growth.
Net Income: $280,0000 pa + GST.

Auction 11am AEDT Thursday 19 October 2017
Dexus Place Auditorium, Level 31 / 1 Eagle Street, Brisbane

Featured Details

Current Tenant Tenanted
Gross Building Area 252 sqm
Land Size 321 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: QLD000467

Thank you for showing interest in us.

Contact Details

Office Details

Level 20, 307 Queen Street, Brisbane QLD 4000

T 07 3220 3611 E brisbane@burgessrawson.com.au

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