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224 Wishart Road
Wishart QLD 4122
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Sold on 4 Nov 2024

224 Wishart Road Wishart QLD 4122

  • Shop & Retail
  • 1,911 m²
  • Sold

Multi-Tenanted Investment with Option to Buy Anchor Tenant's Business + Future Development Upside

    For Sale by Expressions of Interest, Closing Wednesday, 12:00pm 28th of August 2024

    Fully Tenanted investment with long-established tenants will be sold. The building is in a highly visible location on busy Wishart Road. The property is strategically located in an area that is affluent and well established, but still growing. Much of the growth in the area is due to it's easy access to Brisbane CBD approximately 14.2*km away. Demand for the area has meant ongoing growth due to increased densification. This strong residential growth may lead to future upside with the property due to it's prime location.

    224 Wishart Road is for sale with the flexibility to purchase the property only, the property and the business, or the business only.
    • Property only. In the event that an investor wishes to purchase the property but not the business, Pet City is willing to execute the draft lease for 5 years.
    • Property and the business purchased together. This option is highly suitable for investors experienced in veterinary or pet businesses. The existing veterinary business' lease is at an end in November and that space could be available also on 6 months' notice to the tenant.
    • Business only. The Pet City business has been operated by the same family since its inception 67 years ago. In that time a strong local following has ensured ongoing loyalty from a substantial customer base. The business is offered on a 'walk-in, walk-out' basis plus stock at cost price at settlement.

    The property is fully leased and has eight tenancies; all have annual reviews at CPI. Seven of the tenancies are on the Wishart Road level with parking for 15 at the front of the building. Side driveway access takes you to the lower ground level where Pet City is located, along with 45 additional car parks.

    This is a unique opportunity to secure a fully tenanted investment property with the option to purchase the Pet City business as well.

    For more information on this unique opportunity, please contact Grant Turner (0457 766 812) or Julie Ryan ( 0447 445 453) to receive a copy of the Information Memorandum and access to the Data Room.

    *Approx.

    Disclaimer:
    Ray White 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, advices or as is otherwise necessary. No duty of care is assumed by ZMA Commercial Pty Ltd trading as Ray White Commercial CSR toward the recipient with regard to the use of this information and all information given is given without responsibility.

    Ray White Commercial CSR
    Ray White Commercial CSR
    Shop 3-4, 148 Turton St
    Sunnybank, QLD 4109

    Property Highlights

    Date Sold4 Nov 2024
    Floor Area1,911 m²
    Land Area2,813 m²
    ParkingAsk Agent
    Virtual TourView Tour
    Property ID2019378552
    Category
    Last updated  5 Dec 2024
    Map for 224 Wishart Road Wishart QLD 4122
    Ray White Commercial CSR
    Ray White Commercial CSR
    Shop 3-4, 148 Turton St
    Sunnybank, QLD 4109

    Property Highlights

    Date Sold4 Nov 2024
    Floor Area1,911 m²
    Land Area2,813 m²
    ParkingAsk Agent
    Virtual TourView Tour
    Property ID2019378552
    Category
    Last updated  5 Dec 2024

    Co-Agents

    Grant Turner
    Ray White Commercial CSR
    Call
    0457766812
    Julie Ryan
    Ray White Commercial CSR
    Call
    0447 445 453

    More about 224 Wishart Road Wishart QLD 4122

    224 Wishart Road Wishart QLD 4122 is categorized as Shop & Retail Property. It has a floor area of 1,911 m² and a land area of 2,813 m². The listing ID for this property is 2019378552.

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