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Lot 1/22-34 Railway Terrace
Milton QLD 4064
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Sold on 23 Jun 2023

Lot 1/22-34 Railway Terrace Milton QLD 4064

  • Shop & Retail
  • 190 m²
  • Sold

Inner City Brisbane Investment | New 5 Year Head Office Lease

    Burgess Rawson is pleased to offer to market Night Owl Milton located at 22-34 Railway Terrace, Milton (Brisbane) QLD, for sale via our Investment Portfolio Auction 161.

    The property has the following investment highlights:

    + New five (5) year net lease to mid 2027
    + Two (2) further five (5) year options to 2037
    + Head office lease to Night Owl Properties with director's guarantee
    + Night Owl: one of Australia's fastest growing independent convenience stores with over 80 stores nationwide
    + Net lease with tenant responsible for all outgoings as per lease
    + Strong and certain income growth with fixed annual, compounding 3% rent increases
    + Large 146sqm* internal NLA with 44sqm* licenced outdoor area
    + Strategically situated in the Milton business precinct and directly opposite Milton Train Station, one of the busiest train lines in Queensland^
    + Milton: highly desirable inner-city suburb less than 2km* from the Brisbane CBD
    + Brisbane: the third largest city in Australia, with a population forecasted to grow by 15% to 2.875 million residents by 2035
    + Net Income: $90,861 pa* + GST

    For Sale by Investment Portfolio Auction
    10:30am AEST Thursday 22 June 2023
    The Hilton, Brisbane

    Please contact the exclusively appointed Burgess Rawson team for more information.

    *Approx.
    ^Brisbane Times

    AUCTION

    Auction date and time22/06/2023 10:30
    Auction locationThe Hilton, Brisbane

    Property Highlights

    Date Sold23 Jun 2023
    Floor Area190 m²
    Land Area1 m²
    ParkingAsk Agent
    Property ID2018561344
    Category
    Last updated  23 Jun 2023
    Map for Lot 1/22-34 Railway Terrace Milton QLD 4064

    Property Highlights

    Date Sold23 Jun 2023
    Floor Area190 m²
    Land Area1 m²
    ParkingAsk Agent
    Property ID2018561344
    Category
    Last updated  23 Jun 2023

    Co-Agents

    Andrew Havig
    Burgess Rawson Queensland
    Call
    0478 010 990
    Craig Chapman
    Burgess Rawson Queensland
    Call
    0427 110 132

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