Cushman & Wakefield's National Investment Sales team is pleased to present to the market Shop 1, 10 Market Street, Brisbane for Sale via Auction.
The property has the following key characteristics:
- Renewed 12 year lease to 2032 + option to 2037
- Malt Traders - Longstanding, boutique, multi-site liquor store and bar operator with proven track record
- Strongly patronised store with the tenant in occupation 8+ years
- Well appointed liquor outlet and bar with direct exposure to Dexus' $2.1 Billion* Waterfront Precinct Development
- Diversified and unique offering used as the distribution centre for tenant's booming online sales business
- Coveted liquor asset class, recession and pandemic proof sector with sales up 26.7% nationally in 2020
- Strategic Brisbane CBD 'Golden Triangle' location within the professional services hub and in close proximity to the city's premier office buildings and entertainment precinct
- Brisbane City - Thriving metropolis & QLD's economic engine with $14.2 Billion investment and development pipeline
- Lease secured by Bank Guarantee and Director's Personal Guarantee
- Fixed 3% annual rent increases
- Net Income $93,375 pa + GST
The investment is for sale by way of Cushman & Wakefield National Portfolio Auction on Wednesday 28 July at 10am.
Interested parties based in New South Wales will have access to our Live Stream and Online Bidding Platform strictly via prior arrangement.
Interstate Live Stream and Bidding Facilities will be available at the below Venues;
Brisbane - Dexus Place - Waterfront Place, Level 31, 1 Eagle Street, Brisbane
Melbourne - Dexus Place - Level 14, 385 Bourke Street, Melbourne
Should you hold interest in bidding on the asset from one of these locations or via the Online Bidding Platform, please contact the exclusively appointed Cushman & Wakefield property professionals.
