Colliers is pleased to present an outstanding multi-tenanted investment property in one of Brisbane's most tightly held business precincts for sale via Public Auction.
Located in the booming Brisbane to Gold Coast corridor, 4 Gunn Street in Underwood is currently occupied by three automotive tenants who have been trading at the premises for over 20* years. With a solid income profile this sale event presents a unique opportunity to acquire a prime multi-tenanted investment on a 1,533m²* corner lot in a land constrained area. The built improvements consist of four retail workshops fully occupied by three tenants totalling a net lettable area of 848m²*.
Highlights of the opportunity include:
$115,465* net annual income
3 established tenants with long trading history
Net lease structure (tenants pay outgoings)
848m²* net lettable area
1,533m²* corner land parcel
Mixed Use zoning for future redevelopment upside
Strong rental reviews locked in
Further income potential from signage
72m* street frontage
Tightly held precinct
The property is strategically positioned within the area's automotive precinct, complimented by the surrounding business trade. Gunn Street is conveniently connected to Logan Road and within close proximity of Kingston Road and the Pacific Motorway. This section of Logan Road sees over 26,000* cars passing daily.
Underwood is a highly sought after location for commercial services, professional firms, industrial businesses and large format retailers. They are attracted to the area on account of its close proximity to the motorways and logistical access to Brisbane and the Gold Coast. Underwood is home to some of the largest national brands including, Officeworks, BCF, Petbarn, and Bunnings.
Don't miss the opportunity to own a tidy and defensive investment in a high growth corridor!
The Auction will be held in-rooms Wednesday 13 July 2022 at 10:30am (AEST). For further information please contact the exclusive marketing agents.
*Approximate
