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.
Map for 169 Wellington Road East Brisbane QLD 4169
Map for 169 Wellington Road East Brisbane QLD 4169
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Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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