On behalf of the CBRE Queensland Retail Investments team, we are delighted to present this rare opportunity to purchase a new Brisbane metropolitan service centre anchored by some of the biggest names in their respective industries, 7-Eleven and The Coffee Club. The property is located at 1001-1003 South Pine Road, Everton Hills.
This compelling investment opportunity offers the following key investment attributes:
- Metropolitan location less than 9km* to the Brisbane CBD;
- Long WALE 12.5* years (by income);
- Income growth via favourable net leases with fixed annual income growth from 3% and 4% increases;
- Substantial depreciation benefits from near new construction by leading builders, Hutchinson Constructions;
- Security of income with the centre 100% occupied by leading national tenants;
- Anchored by 7-Eleven, the largest convenience and petrol retailer in Australia with more than 650 stores;
- Prominent elevated location with an 85* metre frontage to a major arterial road; and
- $441,299 pa* net passing income as at 7 March 2019.
THE PROPERTY IS FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 7TH MARCH 2019 AT 4.00PM (AEDT).
A copy of the Information Memorandum and Due Diligence package is available upon request from the exclusively appointed CBRE agents.