1210 Ipswich Road Moorooka QLD 4105

CBRE is pleased to present to market 1210 Ipswich Road, Moorooka.

Leased to a national car dealership, Ozcar, and secured via a 5-year lease term with the tenant paying all outgoings (inc. land tax).
Easily managed and defensive income stream via a single net lease with guaranteed income growth via CPI reviews over the remaining lease term.
With the incoming new Neighbourhood Plan for Nathan, Salisbury and Moorooka, 1210 Ipswich Road will be the subject of rezoning and height increases along the 'Magic Mile'.
Situated in the heart of the established residential suburb of Moorooka, the site sits within close proximity to the Moorooka Train Station and an abundance of national & international retailers.
Positioned on a premium 5,227sqm corner allotment offering significant underlying land value and outstanding exposure to Ipswich Road.
Net Income $422,070* + GST per annum

1210 Ipswich Road, Moorooka is For Sale by Expressions of Interest closing Thursday 3rd October 2024 at 4pm (AEST).

*Approximate. ^As at 1 August 2024. **