The CBRE Queensland Retail Investments team are pleased to present to the market Repco & Cash Converters, Kippa Ring, For Sale via CBRE Qld Auction Series.
100% leased to leading national tenants Repco and Cash Converters.
Income security via long-term leases with further option periods providing a compelling WALE of 7 years*.
Tenants are successful and established, consistently renewing and extending their leases having occupied the premises since 2003.
Guaranteed income growth from favorable net leases with recoverable outgoings and excellent review structures of CPI & 2.75%.
Prominent position with frontage to Anzac Avenue, the major arterial road in the Moreton Bay region with over 138,000 weekly* passing vehicles.
Adjacent to sub-regional centres Kippa Ring Shopping Centre and Peninsula Fair in a dominant precinct home to Woolworths, Coles, and Kmart.
Unique offering with substantial site improvements comprising two separate freestanding buildings on one title.
Infrastructure growth, affordable housing, and proximity to Redcliffe and Brisbane underpin strong population growth projections of 22.6% by 2041.
Net Income $337,126 P.A.*
This opportunity is being offered for sale via CBRE QLD Auction Series on Tuesday the 14th of December 2021 1:00pm (AEST) at Dexus Place, Level 31 1 Eagle Street, Brisbane 'Waterfront Place'.