Colliers International is pleased to present the Breezway Australia Queensland head office and manufacturing facility for sale by Expressions of Interest closing Thursday 18 June 2020 at 4pm.
Located at 35 Cambridge St in Coorparoo the office/warehouse facility has been operating as a manufacturing facility continuously for over 70 years. The property is so well suited to the this activity that Breezway has recently elected to extend their tenure at the property for a further 8 years to provide a secure rental stream out to July 2028.
The property presents an opportunity for investors and value add developers to acquire a 8,949m² near city land parcel backed by a long term lease to a wholly owned subsidiary of NYSE listed JELD WEN. The balance of security and future growth makes 35 Cambridge Street the most compelling commercial property investment opportunity in the Brisbane market.
Key features include: Long term lease to Breezway Australia Tenant is a subsidiary of NYSE listed JELD-WEN Ltd Net Income $835,890 per annum ex GST Fixed annual reviews of 3% Outgoings paid by the tenant 8 year lease expiring July 2028 Land Area: 8,949m²* (16 lots) Building Area: 6,065m²* Prime location 3km* from Brisbane CBD
For more information on this property, contact the exclusive agents at Colliers International.
