38 Leonard Crescent, Brendale is a commercial facility located centrally in the Brendale Business Park. The property has recently been leased by the Queensland state government on a new 5 Year lease.
The property features:
Investment Highlights
Unit 1
Net income of $118,079pa
551sqm first floor tenancy
New 5 year lease commencing 01/04/2018
2 Year option after initial term
Minimum 2.5% fixed annually
All outgoings including land tax incorporated in net figure
Unit 2
Net income of $91,479pa
436sqm first floor tenancy
New 5 year lease commencing 01/04/2018
2 Year option after initial term
Minimum 2.5% fixed annually
All outgoings including land tax incorporated in net figure
Combined
Net return of $209,558
987sqm total Net Lettable Area
New 5 year lease commencing 0 1/04/2018
Split over 2 Separate titles
First floor commercial space
Abundance of under cover parking on ground floor
NBN connected to site
Modern and appealing construction
2 out of 4 Strata Voting rights
Multiple dedicated amenities including bathrooms, showers and kitchens
Location Highlights
Brendale is centrally located in North Brisbane
Established business hub
30 mins to Brisbane CBD
25 mins to Brisbane Airport
50 mins to Sunshine Coast
Good connection to Bruce Highway, Gateway Motorway, Gympie Road & Sandgate Road
Surrounded by major amenities including council HQ, Strathpine Regional Shopping Centre
To obtain and information memorandum or arrange an inspection please contact the exclusive agent CBRE or Raine & Horne.
