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149 George Street
Beenleigh QLD 4207
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Sold on 22 May 2024

149 George Street Beenleigh QLD 4207

  • Shop & Retail
  • 2,596 m²
  • Sold

ULTIMATE CONVENIENCE TROPHY INVESTMENT UNDERPINNED BY STRONG PERFORMING DRIVE-THRU RETAILERS

  • Strong performing drive-thru retailers
  • Secured by long-term 10 year leases
  • Significant depreciation benefits

CBRE Retail Investments are pleased to present to market 149 George Street, Beenleigh.

- Underpinned by secure long-term 10 year leases to Taco Bell & The Yiros Shop, with excellent income security via a lengthy 7.3 year WALE (by income).
- Commanding 2,596m2* site with a 46m* direct frontage to George Street and positioned alongside Hungry Jacks and opposite Beenleigh Marketplace Shopping Centre, providing excellent traffic generators.
- Located in a major growth corridor area at the midway point between Brisbane and the Gold Coast, the property is situated 33km* south-east of the Brisbane CBD and 38km north-west* of Surfers Paradise.
- The rising construction cost environment further underpins this built form asset as a purchase well below replacement cost with the opportunity for revisionary income in the future.
- Recently built in 2020, the property offers significant depreciation benefits and a tax effective income stream.
- Easily managed and defensive income stream with built in income growth of 3% per annum.

For Sale via Expressions of interest closing Thursday 23rd November 2023 at 4:00pm (AEST).

For further information, please reach out to the sales and marketing agents.

*Approximate. ^As at 1 March 2024

CBRE Brisbane
CBRE Brisbane
Waterfront Place, Level 3 1 Eagle Street
Brisbane City, QLD 4000

Property Highlights

Date Sold22 May 2024
Floor Area2,596 m²
Land Area2,596 m²
ParkingOn site parking available
Property ID2018856619
Category
Last updated  21 May 2024
Map for 149 George Street Beenleigh QLD 4207
CBRE Brisbane
CBRE Brisbane
Waterfront Place, Level 3 1 Eagle Street
Brisbane City, QLD 4000

Property Highlights

Date Sold22 May 2024
Floor Area2,596 m²
Land Area2,596 m²
ParkingOn site parking available
Property ID2018856619
Category
Last updated  21 May 2024

Co-Agents

More about 149 George Street Beenleigh QLD 4207

149 George Street Beenleigh QLD 4207 is categorized as Shop & Retail Property. It has a floor area of 2,596 m² and a land area of 2,596 m². The listing ID for this property is 2018856619.

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