Premium Freestanding 1,066 Sqm Building On 2,199 Sqm Land. Invest/Occupy/ Develop.
LJ Hooker Commercial Brisbane are proud to present 17 Station Road, to the market for immediate sale, via Offers to Purchase to be submitted in writing.
Rarely do opportunities of this calibre appear on the market. Outstanding opportunity to purchase a secure investment with substantial income upside.
* Strong covenant lease to The Busy Group Ltd founded in 1977. Near New 5 Years Lease until 2027 + 5-year Option. * Annual CPI + 1% Reviews, providing solid and compounding income growth. * Principal Centre Zoned. Future substantial development potential, located within the Logan Central Master Plan Core Area. * 1,066sqm Building Area. 2,199sqm Land Area. * Gross Rent Ground Floor GA (608sqm) $278,425 (Gross Rent Passing/Refer tenancy schedule). * Gross Rent Level 1 (GB & 1A) (458sqm) $206,100 (currently vacant/potential Gross rent). * Total Gross Rent: $484,525 (Passing and potential). * Total Outgoings $38,048 PA (inc Land Tax $5,587 PA). * Immaculate & prized new internal fitout to Level 1. * 458sqm Vacant. Ground floor access and lift to Level 1. * Positioned within a thriving commercial hub, alongside local amenities & Centrelink. Abundance of exposure to Station Road. * 46 Car Spaces Onsite. * Substantial underground infrastructure in place to ensure longevity.
PRICE: Offers to Purchase LAND AREA: 2,199 sqm
Location The Logan Central Business Area consists primarily of retail businesses however the area has developed into a key community hub with a variety of Government and Human Services providers located within the precinct. The precinct surrounds the Woodridge Train Station making the area easily accessible via public transport.