36 Vernon Terrace Newstead QLD 4006
- Shop & Retail
- 114 m²
- For Sale, Contact Agent
BLUE-CHIP INVESTMENT PROPERTY - NEW 7 YEAR LEASE
- Longstanding tenant in place
- 114m2 unique retail space + 1 car
- High end extensive fit out
Elders Commercial Brisbane are pleased to present to the market for sale an unrivalled blue-chip investment opportunity at the base of the London Woolstore Building. The property consists of 114m2 of ideally located retail space offering fantastic Vernon Terrace frontage with a longstanding tenant. Situated amongst a cluster of established businesses, there is excellent exposure to both foot and vehicular traffic as well as being positioned less than 300m from the Teneriffe Ferry Terminal and only a stone's throw to the Brisbane CBD.
The opportunity offers investors the option to purchase a blue-chip retail investment with the strong covenant of a tenant with exceptional track record.
Key features of the property include:
- New seven (7) year lease + five (5) year option
- Proven tenant in place for over (11) years
- 114m2 character retail space
- Current tenancy returns $72,390 NET + OUTGOINGS + GST per annum
- One (1) car space
- Substantial high-end fit out
- High socio-economic inner-city precinct
- Fantastic signage potential onto Vernon Terrace
- Ideally positioned with close proximity to renowned retail amenities and the Gasworks precinct
Expressions of Interest close 15th of June 2022 at 4PM!
For more information or to arrange an inspection, please don't hesitate to contact your exclusive Elders Commercial Agents Today!