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Industry Beans, 18 Proe Street, Newstead, Qld 4006

Industry Beans, 18 Proe Street, Newstead, Qld 4006

Retail Industrial/Warehouse Hotel/Leisure

  • Sold Contact Agent
  • Wed 31-Mar-21

Blue-Chip Inner City Freehold Investment

  • Secure 10 Year Lease to 2028
  • Fixed 3.5% annual rent increases
  • 1.2km from Brisbane CBD

  • Land Area
  • 603.00 m² (approx)
  • Floor Area
  • 641 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Apr 15, 2021

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Jamie Perlinger, Burgess Rawson - Melbourne
Jamie Perlinger
Kelly & Co Property - Brisbane

Level 24, 324 Queen Street

Brisbane City Qld 4000

Transact Property Group - Mooloolaba

Suite 604, Level 6, 8 Market Lane

Maroochydore Qld 4558

Blue-Chip Inner City Freehold Investment

+ Long term 10 year lease to 2028 plus option to 2033
+ Annual, fixed, compounding 3.5% rent increases
+ Tenant pays all usual outgoings excluding land tax
+ Industry Bean: iconic coffee wholesaler/retailer and café network with 6 key metro sites in Melbourne, Sydney & Brisbane
+ Irreplaceable 603 sqm landholding with significant development upside (STCA)
+ Impressive 641 sqm building including mezzanine level with recent innovative capital-intensive tenant fit out – circa $2.5million
+ Strategic location in the heart of Newstead (Brisbane’s thriving inner city), ideally positioned between the popular Gasworks Shopping Centre servicing 2,267 workers and over 9,300 residents and the iconic James Street Retail Precinct (Fortitude Valley)
+ James Street retail features a diverse mix of over 110 specialty stores, located one kilometre from Brisbane’s CBD, evolving into one of Australia’s leading retail, fashion and lifestyle districts
+ Newstead/Teneriffe: One of the fastest growing regions within Brisbane with an estimated 55% of the working population under 35 years of age**
+ Estimated Net Rent: $210,163 pa

For Sale by Investment

Industry Beans, 18 Proe Street, Newstead, Qld 4006

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