169 Wellington Road East Brisbane QLD 4169

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.