Burgess Rawson is pleased to offer to the market, Vinnies Fortitude Valley for sale via our Investment Portfolio Auction 154.
The property has the following investment highlights:
+ Brand new 5 year lease to 2027 plus option to 2029
+ Vinnies: Australia's leading national not-for-profit organisation
+ CPI annual rent reviews providing strong growth
+ Commanding 342sqm* corner ground floor lot in the iconic McWhirters building with outstanding exposure to Wickham Street and Warner Street
+ Ideal location in the heart of Fortitude Valley with over $5.5 billion in nearby approved or proposed residential and commercial developments including 310,000sqm* of office space
+ Surrounded by major key infrastructure projects shaping Brisbane, Australia's new world city and host of the 2032 Olympic Games
+ Prominent corner site exposed to high levels of foot and vehicular traffic
+ Long term rental upside potential through conversion to hospitality use
+ Tenant currently undergoing fit-out and due to open in late July
+ Two adjoining lots also for sale individually leased to Cash Converters and O'Skulligans
+ Advertise space available from 132sqm up to 680sqm
+ Net Income: $159,475 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEST Thursday 4 August 2022
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
