281-283 Brisbane Road Monkland QLD 4570

281-283 Brisbane Road is a large format retail centre located on one of the most prominent corner sites leading into Gympie from the South.

The location is one of the best in the precinct, on a highly visibly corner block in the key large format retail precinct of the town. All 4 tenants in the complex operate nationally, providing extremely strong lease covenants.

The property was built in 2014 and consistently attracts strong tenant demand with limited other options within the town for quality buildings, with main road frontage.

There are few opportunities to acquire freestanding, multi-tenanted retail investments of this calibre.

Property features:

1,727sqm of lettable area on a 4,684sqm site
Currently split into 4 tenancies 100% occupancy
Tenants include Petstock, Fitstop, OMF and Country Care
WALE 4.5 years, all tenants have at least 3 years remaining on their lease, with further options
Net income $351,881 per annum
Building construction in 2014 with depreciation benefits still available
Surrounding retailers include Mitre 10, Bunnings, Harvey Norman, BCF
On-grade car parking
Flood free location

This property is for sale via Public Auction on Thursday 14th November 2024 at 9:30am (AEDT). Auction location is in Sydney, or online.

For further information or to arrange an inspection, please contact the exclusive marketing agent Louisa Blennerhassett.

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