FOR SALE Fully Leased Premium Investment - Anchored by Centrelink
Knight Frank Gold Coast are proud to present to the market this premium investment opportunity ideally located in the Beenleigh CBD. Boasting a land holding of 7,249 sqm* and a Net Lettable Area of 2,832 sqm* across three buildings, the anchor tenant is Services Australia (Centrelink). Now fully leased with a solid net income of $1,267,837 and annual indexation increases, this asset certainly provides an outstanding investment opportunity with future development upside.
Property Features:
- Fully Leased Net Income of $1,267,837
- Facility is now 100% leased
- Rent increases to $1,297,820 in Dec-24 due to CPI adjustment to Centrelink rent
- Factored annual increases of 4% on average
- Land area of 7,246 sqm and NLA of 2,832 sqm
- Services Australia have recently completed a Full office fit out
- Other tenants are training and employment related companies
- Ninety onsite car parks
- Short walk to train station and shopping precincts
- Total outgoings are approx. $161,000 per annum or $58 / m2
- Current WALE 2.2 years on income (7.0 years including options)
- NABERS Energy Rating of 5 Stars (Centrelink Building)
Location Features:
- Beenleigh Train Station 246m
- 35-minute drive to both Brisbane and Gold Coast
- Beenleigh Marketplace 300m
- Beenleigh Mall 330m
- Access to M1 1.5 km
- George Street Shops 425m
This property is for sale via Private Treaty and please contact the agent for further details and a copy of the IM.
Disclaimer:
Gold Coast City Commercial Pty Ltd T/A Knight Frank Gold Coast has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by City Commercial Gold Coast Pty Ltd T/A Knight Frank Gold Coast toward the recipient regarding the use of this information and all information given is given without responsibility.
