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Sold on 16 Sep 2020

92-94 Redland Bay Road Capalaba QLD 4157

  • Shop & Retail
  • 1,782 m²
  • Sold

Trophy Officeworks Investment - Renewed 8 Year Lease

  • Officeworks Ltd - ASX listed subsidiary
  • Minimum 2.62% annual increases
  • Net Income $431,278 pa

Cushman & Wakefield is pleased to present to the market 92-94 Redland Bay Road, Capalaba (Brisbane) for Sale via Auction.

The property has the following key characteristics:

- Renewed 8 year lease to 2027 + options
- Officeworks Ltd - Wholly owned Subsidiary of ASX listed Wesfarmers Ltd, Australias 7th largest company with Revenues of $30.8 Billion
- Impeccably maintained building purpose built in 2004, having undergone recent Capex incl. full repaint
- High profile 4,856 sqm site offering 45 car parks, truck delivery bay & exposure to 43,000+ vehicles per day
- Redland Bay Road - Capalaba retail mecca located 17 km from Brisbane CBD, trade catchment of 170,000+
- Officeworks experiencing significant sales growth of 27.8% for the first 5 months of 2020 - 167 stores nationally
- First time offered to the market
- Tenant pays all usual outgoings (excl. Land Tax)
- Minimum 2.62% annual rent increases
- Net Income $431,278 pa + GST (as at October 2020)

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Wednesday 16 September at 11am at Cooley Auctions, located on Level 1, 29-33 Bay Street, Double Bay NSW.

Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property from one of these locations, please liaise with the exclusive agents.

AUCTION

Auction date and time16/09/2020 11:00
Auction locationCooley Auctions - Level 1/29-35 Bay Street, Double Bay NSW

Property Highlights

Property ID2016437742
Date Sold16 Sep 2020
Floor Area1,782 m²
Land Area4,856 m²
Parking45 x Onsite parkings
Building TypeWhole building
Category
Last updated  17 Sep 2020
Map for 92-94 Redland Bay Road Capalaba QLD 4157
Map for 92-94 Redland Bay Road Capalaba QLD 415792-94 Redland Bay Road Capalaba QLD 4157
Cushman & Wakefield Brisbane
Level 11, 123 Eagle Street Brisbane City QLD 4000

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