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Sold on 25 Nov 2021

257 Nottingham Road Algester QLD 4115

  • Shop & Retail
  • 230 m²
  • Sold

Outstanding Metro Brisbane Medical Freehold - Renewed Corporate Lease to National Tenant

  • Renewed & Extended 7 Year Lease to 2028
  • Secure National Tenant - 60+ Locations
  • Rare 4% Annual Increases

Cushman & Wakefield is pleased to present to the market 257 Nottingham Road, Algester for Sale via Auction.

The property has the following key characteristics:

- Renewed & extended 7 year net lease to 2028 + options to 2038
- Corporate Head Company Lease to National Dental Care - Leading national dental service provider across 60+ locations
- Longstanding dental surgery - Tenant in occupation 22+ years
- Immaculate purpose built surgery with substantial recent capital investment from tenant
- Prime 968 sqm corner site benefitting from 65m frontage to major suburban thoroughfares Algester Road & Nottingham Road
- Strategically positioned opposite childcare centre, Parkinson Plaza Drakes Supermarket, BWS, Medical Centre & near Aldi, Coles, Woolworths & Bunnings
- Convenient metro location with direct access to major arterial Beaudesert Road (34,000+ vehicles daily) & near $512M Logan Motorway upgrade
- Algester - Established Brisbane suburb 16 km from CBD
- Tenant pays all outgoings including Land Tax
- Rare minimum 4% annual rent increases
- Net Income $116,328 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction on Thursday 25 November at 11am AEDT. The Auction will be held at Doltone House Hyde Park, located on Level 3/181 Elizabeth Street, Sydney.

Prospective purchasers & interested parties will have access to remote bidding facilities in both Brisbane & Melbourne as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.

Please contact the exclusively appointed Cushman & Wakefield property professionals for more information.

Tom Moreland
Cushman & Wakefield Brisbane
Tom Moreland
Cushman & Wakefield Brisbane
Michael Collins
Cushman & Wakefield Brisbane
Michael Collins
Cushman & Wakefield Brisbane
Thomas Proberts
Cushman & Wakefield Brisbane
Thomas Proberts
Cushman & Wakefield Brisbane

Property Highlights

Property ID2017353455
Date Sold25 Nov 2021
Floor Area230 m²
Land Area968 m²
Parking8 x Onsite parkings
Building TypeWhole building
Category
Last updated  26 Nov 2021
Map for 257 Nottingham Road Algester QLD 4115
Map for 257 Nottingham Road Algester QLD 4115257 Nottingham Road Algester QLD 4115
Tom Moreland
Cushman & Wakefield Brisbane
Tom Moreland
Cushman & Wakefield Brisbane
Michael Collins
Cushman & Wakefield Brisbane
Michael Collins
Cushman & Wakefield Brisbane
Thomas Proberts
Cushman & Wakefield Brisbane
Thomas Proberts
Cushman & Wakefield Brisbane

Property Highlights

Property ID2017353455
Date Sold25 Nov 2021
Floor Area230 m²
Land Area968 m²
Parking8 x Onsite parkings
Building TypeWhole building
Category
Last updated  26 Nov 2021
Cushman & Wakefield Brisbane
Level 11, 123 Eagle Street Brisbane City QLD 4000
Tom Moreland
Cushman & Wakefield Brisbane
Tom Moreland
Cushman & Wakefield Brisbane
Michael Collins
Cushman & Wakefield Brisbane
Michael Collins
Cushman & Wakefield Brisbane
Thomas Proberts
Cushman & Wakefield Brisbane
Thomas Proberts
Cushman & Wakefield Brisbane
Tom Moreland

Tom Moreland

Cushman & Wakefield Brisbane

Michael Collins

Michael Collins

Cushman & Wakefield Brisbane

Thomas Proberts

Thomas Proberts

Cushman & Wakefield Brisbane

0408 *** ***
0408 072 822

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