1 Parramatta Road Underwood QLD 4119

- 2,989sqm parcel of land with development upside
- 1,000sqm of lettable area divided into 5 tenancies
- Fully tenanted with solid leases showing a 4.88% yield
- Male and Female amenities and kitchen facilities in each tenancy
- Suitable for Office, Retail/Showroom, Medical
- Minutes to public transport

This property presents a rare opportunity for investors to secure a prime, fully leased asset within Underwood's commercial precinct. The properties' mixed use zoning allows for multiple uses and benefits from over 30 onsite car parks and a large pylon sign that fronts busy Kingston Road.

Located in the heart of Underwood commercial precinct, this property provides excellent access to the M1 and Gateway Motorways and is only 20 minutes to the Brisbane CBD. Neighbours include Bunnings, Officeworks, Underwood Marketplace and The Zone retail centre.