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1434 Gympie Road
Aspley QLD 4034
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Sold on 19 Mar 2021

1434 Gympie Road Aspley QLD 4034

  • Shop & Retail
  • 1,780 m²
  • Sold

Landmark Officeworks Investment - Blue Chip Brisbane Location

  • Officeworks Ltd - ASX Listed Subsidiary
  • Fixed 3% Annual Rent Increases
  • Net Income $468,250 pa + GST

Cushman & Wakefield is pleased to present to the market 1434 Gympie Road, Aspley for Sale via Auction.

The property has the following key characteristics:

- 5 year lease to 2024 + option to 2029
- Landmark Brisbane Officeworks in occupation for almost 17 years
- Officeworks Ltd - Wholly owned Subsidiary of ASX listed Wesfarmers Ltd with Revenues of $30.8 Billion
- Tenant experienced significant sales growth of 27.8% in 2020 & through the Covid-19 Pandemic, across 167 stores nationally
- Immaculate building purpose built in 2004, offering a modern 1,780 sqm retail showroom & 33 car parks
- Absolutely prime Gympie Road location - QLDs second busiest road with exposure to 82,000+ vehicles daily
- Blue chip position with neighbours including Harvey Norman, Aspley Homemaker Centre, Hungry Jacks, 7-Eleven, McDonalds, Coles/Woolworths Aspley Hypermarket & Aldi & Kmart
- Aspley - Strategic retail hub 12 km from Brisbane CBD, significant trade catchment of 209,349
- Tenant pays all usual outgoings as per Lease
- Fixed 3% annual rent increases
- Net Income $468,250 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Friday 19 March at 10am AEDT at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW

Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.

Property Highlights

Date Sold19 Mar 2021
Floor Area1,780 m²
Land Area4,005 m²
Parking33 x Onsite parkings
Building TypeWhole building
Property ID2016796691
Category
Last updated  24 Mar 2021
Map for 1434 Gympie Road Aspley QLD 4034

Property Highlights

Date Sold19 Mar 2021
Floor Area1,780 m²
Land Area4,005 m²
Parking33 x Onsite parkings
Building TypeWhole building
Property ID2016796691
Category
Last updated  24 Mar 2021
Level 11, 123 Eagle Street Brisbane City QLD 4000

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