40 Nile Street Woolloongabba QLD 4102

JLL Metro Sales & Investments are pleased to present to the market 40 Nile Street, Woolloongabba QLD. Strategically located within the vibrant and fast evolving Woolloongabba precinct, this rare investment opportunity features the below key attributes;
Prominent two level freestanding office building providing 877sqm* of high quality NLA;
Brand new 5 + 5 year triple net lease with 2.5% fixed annual increases;
Underpinned by longstanding tenant The Post Lounge - established in 1979;
Prime 607sqm* site located within immediate proximity of the $5.4bn Cross River Rail (Woolloongabba Station Precinct);
Favourable Mixed Use zoning providing future development upside (STCA);
Strategically positioned only 150m* from Gabba Sports Stadium and 2km*to the Brisbane CBD;
Net income of $240,672p.a.* (as at 29 February 2020)
*Approximately

For Sale via Expressions of Interest closing Thursday 20 February 2020 at 4:00pm (AEST).