230 Waterworks Road Ashgrove QLD 4060
- 448 m²
Fully Leased Freestanding Investment with Government Tenant
Ray White Commercial (QLD) are pleased to exclusively offer 230 Waterworks Road, Ashgrove QLD for sale by Expressions Of Interest closing Thursday 29 November 2018 at 4pm.
230 Waterworks Road represents the opportunity to acquire a fully leased freestanding commercial investment that provides one of the strongest tenant covenants available.
Key Investment Attributes:
*Securely leased to QLD Government and the Produce Wholefood Pantry.
*5 and 6 year leases to 2020 + options up to 2025.
*Comprising 448sqm* of net lettable area and 8 car parks.
*584sqm* land parcel neighbouring the Highpoint Plaza with Goodlife, BOQ and 230 car parks.
*Situated in an affluent precinct with household income levels on average 65% above the QLD average.**
*Dominant location with high levels of exposure to over 34,700 cars passing daily.^
*Strong income growth with up to 4% annual increases.
*Secure income underpinned by Government covenant and 3 month security bond.
*Net income of $113,323* + GST p.a.
This property is being sold by Expressions of Interest or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
** Location IQCensus (within 1.5km radius)
|Date Sold||17 Dec 2018|
|Floor Area||448 m²|
|Land Area||584 m²|
|Last updated||7 Nov 2018|