8 & 9/110 Macquarie Street represents the rare opportunity to acquire a secure retail investment, located in one of Queensland's strongest performing metropolitan suburbs.
Out of 6015 suburbs, Teneriffe is Queensland's most desired suburb to live and as of May 2017 became Queensland's first and only $2 million* median priced suburb, recording an unprecedented 84.3% capital growth increase since 2014^. Then within only nine months, as of February 2018 Teneriffe recorded an impressive 30% capital growth increase to a median price of $2,585,000#.
Highlights of the Property include:
• The asset has enjoyed 100% occupancy for 20 years
• Tenant funded refurbishment in early 2016
• High profile restaurant/bar on Teneriffe's most prominent corner position
• 5 year net lease to 2020 + options to 2030
• Tenant pays for all outgoings (excluding management fees/land tax if applicable)
• Secure monthly income underpinned by a 3 month Bank Guarantee
• Morgan Stanley reported that retail rents for premium shops in Brisbane had increased by 6.8% between June 2016 - June 2017^^
• Net income of $137,760* + GST pa.
Auction
Friday 1st June 2018 at 10:00am
Level 26, 111 Eagle Street, Brisbane QLD 4000
As the exclusive marketing agents, we look forward to assisting you with your enquiries.
*Approximately
^ Brisbane Courier Mail
#News.com.au & Rpdata
^^ Morgan Stanley
**This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
