48 Browns Plains Road Browns Plains QLD 4118
- 2,365 m²
- For Sale, Contact Agent
HIGH-PROFILE RETAIL INVESTMENT WITH STRONG NATIONAL TENANT LINEUP
- SECURE INCOME
- 8 YEAR WALE
- PET BARN & FERNWOOD
On behalf of the CBRE Queensland Retail Investments team, we are delighted to present this rare opportunity to purchase 48 Browns Plains Road, Browns Plains.
The property represents the opportunity to acquire a high-profile retail investment, strategically located in the heart of one of Brisbane southside's largest retail precincts.
- High-profile national tenants underpinning the income with Pet Barn (175+ stores) & Fernwood (69 stores), both on renewed 7 & 10 year lease terms respectively
- Established retail precinct & major retail hub opposite the $400m Grand Plaza & alongside high-profile retailers including Officeworks, BCF, Woolworths & McDonald's
- Dominant 66m* frontage along Browns Plains Road with exposure to over 10m cars annually
- High income growth with majority of the income profile growing a fixed 3% pa*
- Convenient & easily accessible with direct access off Browns Plains Road & 250 at grade car parks available
- Secure income underpinned via an 8 year* WALE
THE PROPERTY IS FOR SALE VIA OFFERS TO PURCHASE.
A copy of the Information Memorandum and Due Diligence package is available upon request from the exclusively appointed CBRE agents.
|Floor Area||2,365 m²|
|Land Area||2,067 m²|
|Annual Return||Ask Agent|
|Last updated||9 Dec 2019|