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Sold on 30 Jul 2019

169 Wellington Road East Brisbane QLD 4169

  • Shop & 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
Andrew Gard
Cushman & Wakefield Brisbane
Andrew Gard
Cushman & Wakefield Brisbane

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  1 Aug 2019
Map for 169 Wellington Road East Brisbane QLD 4169
Map for 169 Wellington Road East Brisbane QLD 4169169 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*

Find out your loan options

Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

Andrew Gard
Cushman & Wakefield Brisbane
Andrew Gard
Cushman & Wakefield Brisbane

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  1 Aug 2019
Cushman & Wakefield Brisbane
Level 11, 123 Eagle Street Brisbane City QLD 4000
Andrew Gard
Cushman & Wakefield Brisbane
Andrew Gard
Cushman & Wakefield Brisbane

Ask Andrew Gard about this property

Andrew Gard

Andrew Gard

Cushman & Wakefield Brisbane

0404 *** ***
0404 020 889

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