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Sold on 30 Jul 2019

169 Wellington Road East Brisbane QLD 4169

  • Retail
  • 1,366 m²
  • Sold

Inner City Investment Leased to International Covenant

  • 1,619sqm* regular shaped land holding
  • Fully let net income circa $322,000/pa*
  • 17 on site car parks

Cushman & Wakefield are excited to present an extremely rare opportunity to acquire a quality leased investment with significant development upside. The property, which derives 70% of its income from global company ‘Rexel’ trading as Ideal Electrical, is offered for sale via Expressions of Interest closing Thursday 30 May 2019.

Key features of this exciting opportunity include;

1,619sqm* regular shaped land holding
1,366sqm* of modern building incorporating showroom, warehouse and office space
Fully let net income circa $322,000/annum*
Recently renewed 3 + 3 year lease to ‘Rexel Technologies’ trading as ‘Ideal Electrical’
Mixed Use zoning offering 8 levels of development upside with views directly overlooking Raymond park to the CBD
17 on site car parks
40m* frontage to Wellington Road

For more information or to arrange an inspection, please contact the exclusive agents, Cushman & Wakefield.

EXPRESSION OF INTEREST

Closing date and time30/05/2019 16:00
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Property ID2015219897
Date Sold30 Jul 2019
Floor Area1,366 m²
Land Area1,619 m²
EnergyAsk Agent
Parking17 x Onsite parkings
Building TypeWhole building
Category
Last updated  30 Apr 2019
Map for 169 Wellington Road East Brisbane QLD 4169
Cushman & Wakefield Brisbane
Level 11, 123 Eagle Street Brisbane City QLD 4000

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