28 Ipswich Road Woolloongabba QLD 4102

JLL Metro Sales & Investments are pleased to present to market Brisbanes best positioned service station, United Woolloongabba. The property will offer one astute investor a rare long term & secure income stream backed by strong underlying land value and development potential to 20 storeys (STCA). We note the following investment highlights:

Brand new 15 year net lease to United Petroleum plus 4x 5 year options
3% fixed annual rent reviews
Tenant pays all outgoings (excluding land tax)
Massive development upside to 20 storeys (STCA) and part of Woollooongabba Core precinct (MU-1)
Prime position in immediately proximity to critical infrastructure projects including the Cross River Rail Woolloongabba Station ($5.4bn) giving the site unparalleled long term development potential
Outstanding convenience retail position on Ipswich Road with exposure to over 50,000* passing cars per day.
First service station passed departing the Brisbane CBD south
Substantial first year depreciation benefits claimable
Tenant responsible for remediating the site upon lease expiry
Net income of $397,200p.a. as at 31 July 2019
*Approximately

The property is being offered for sale via public auction, which is being held on-site on Thursday 22 August at 11am. Please contact the managing agents for further information.