Burgess Rawson is pleased to offer to the market, 8 & 9 / 110 Macquarie Street, Teneriffe (Brisbane) QLD for sale via our Auction Investment Portfolio 157.
The property has the following investment highlights:
+ New 6 year lease to 2028 plus 1 x 6 year option to 2034
+ Fixed 3% annual rent increases
+ Tenant pays all outgoings as per lease excluding sinking fund levy
+ Iconic pub nestled in the base of the renowned 1950's red brick Dalgety and Co's No.3 Woolstore building in Teneriffe
+ Strategic corner site with a combined 27 metres* of retail frontage to Macquarie Street and Florence Street
+ In operation as a pub at this location for over 24 years
+ Substantial tenant fit-out investment of approximately $200,000 showcasing strong long-term commitment to the location
+ Prestigious location within Teneriffe's main retail and commercial precinct, centrally located and servicing the densely populated residential and commercial area
+ Teneriffe: Brisbane's most affluent residential suburb, with a median house price of $3,000,000, growing 21.2% in the past 12 months
+ Net Income: $137,502 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEST Thursday 8 December 2022
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
