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sold
Sold

255-257 Gympie Road Kedron

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Auction Sold
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This property has been sold. Would you like more information on the sale, or do you have a property you'd like to discuss selling?

Prime Metro Investment with circa $1,500,000pa net income!

Cushman and Wakefield are pleased to present to the market for sale via expressions of interest a unique opportunity to acquire a fully leased diversified asset in the expanding Brisbane Metro market.

255-257 Gympie Road, Kedron is a wholly leased opportunity with the following key features;

  • 4,579sqm* total gross floor area

  • 8,909sqm* total land area with almost 80m* of frontage to Gympie Road and two street access to Emerald Street with exposure to over 75,000 cars daily

  • Annual Income of $1,440,777pa net + GST

  • WALE of 7.9 years by income

  • More than 54% of the income secured past 2028 with options in place

  • New 10 Year lease in place to C&K (Childcare & Kindergarten) for their national administration centre and a recently completed flagship childcare centre for C&K on 15-year lease agreement

  • Queensland head office for ASX 200 Listed aged care provider Ingenia (ASX:INA) with a market cap of circa $550m

  • One of Brisbane’s best performing retail trade centres for Dulux

  • Diversified income stream with strong review structure in place between 3-4% across all 5 tenancies

  • Over 136 onsite car spaces

  • Only 500m* to the Airlink Tunnel, under 3km to major shopping precincts Chermside and Toombul and only 8.5km to the Brisbane CBD.

*approx.

The offering is being sold via expression of interest closing 5pm (AEST) Thursday the 8th of November.

For further details please contact EXCLUSIVE AGENTS

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