240 Waterworks Road, ASHGROVE QLD 4060
Expression of Interest
- PROPERTY DETAILS
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- 230 x Onsite parking
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- 16 Dec 2016
FOR SALE: High Quality Near-City Office & Health Related Investment Opportunity underpinned by 6.5 Year WALE // Highpoint Ashgrove, QLD.
CBRE Brisbane Metropolitan Investments has the exclusive pleasure to offer For Sale "Highpoint Ashgrove" located at 240 Waterworks Road. This outstanding investment offering features the following key investment highlights:
+ Secure 6.5 year WALE (as at 1 September, 2016)*
+ A-Grade commercial/health asset comprising 5,079 sqm* of NLA.
+ Fully leased net income: $2,477,763 (as at 1 September, 2016)*
+ 50%* of the building underpinned by 10 year leases to ASX-listed Ardent Leisure and Metro Radiology.
+ Massive car park providing a total of 230 bays* offering an outstanding car parking ratio of 1:22* a major attraction to tenants & historically proven in their retention.
+ Various value-add strategies available for income & capital growth opportunities.
+ Dominant asset within an affluent catchment - Ashgrove Median House price $850,000* (Brisbane Median House Price $500,000*)
+ Recently undergone major capex & building refurbishment
+ Significant 5,648 sqm* left hand side outbound site less than 10 minutes' drive to the CBD.
The property is being offered For Sale via Expressions of Interest closing at 4pm on Thursday 1 September, 2016.
If you would like access to the Due Diligence material or to arrange an inspection, please contact the exclusive selling agents.
We look forward to discussing this exceptional investment opportunity with you further.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
Expression of Interest Details
- Close Date:
- 01/09/2016 16:00:00
- Recipient Name:
- Delivery Address:
- Expressions of Interest
240 Waterworks Road ASHGROVE