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4005 Muller Street, Walloon, Qld 4306

4005 Muller Street, Walloon, Qld 4306

Retail

  • For Sale
  • $3,300,000 Exc. GST
  • For Sale

BRAND NEW 10 YEAR LEASE IN HIGH GROWTH CORRIDOR

  • 10-year lease term
  • Attractive yield
  • Perfect entry level investment for SMS

  • Land Area
  • 3220.00 m² (approx)
  • Floor Area
  • 3,220 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Jun 17, 2021

Interested in this property? Contact an Agent today

CBRE - Brisbane

Waterfront Place Level 3, 1 Eagle Street

Brisbane City Qld 4000

Sebastian Fahey

BRAND NEW 10 YEAR LEASE IN HIGH GROWTH CORRIDOR

Opportunity to secure a rare freehold investment at the entrance to the “Waterlea Estate”, set to benefit from a strong residential corridor with over 2,000 lots in the immediate catchment.

The property has the following key investment highlights:
• 10-year net lease to 2030 including 2 x 5-year options
Strong lease covenant in place with bank and director guarantees
• Single tenant head lease opportunity
• Prominent 3,220 sqm corner site opposite a 131-place childcare and in close proximity to proposed catholic school
• Underlying land value with potential for additional GFA - STCA including several retail uses.
• Prime location near Australia’s largest Air Force base undergoing $1b plus Federal Government infrastructure investment
• Net Income $215,150 p.a. + GST

FOR SALE VIA OFFERS TO PURCHASE – Asking price $3,300,000 (6.51%)

4005 Muller Street, Walloon, Qld 4306

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