Savills' Robert Dunne and Will Carman are delighted to offer this outstanding opportunity to the market.
Key features of this offering are listed below:
- A 425sqm land holding with good street parking
- Existing Building Area 123 sqm plus outdoor area and storage 41 sqm.
- Onsite parking
- The property is fully rented on a 10-year old lease to 2027 plus a lease option to 2037
- The tenant, KC Dry Cleaning, is an established environmentally friendly Australian premier dry-cleaning company with 28* locations across Queensland, South Australia and Victoria.
- Annual CPI increases, with the next review November 2021
- Zoned Low Density Residential and within the Lutwyche Road Corridor Neighbourhood Plan
- 2 street frontage; 46m* to Kedron Park Road & 28m* to Kent Road
- Gross Rental of $50, 007 per annum
- Net income after all outgoings and land tax of 35,299pa* + GST
- Wooloowin is an affluent predominantly residential suburb located 6km's* north of the Brisbane CBD
- Located a short distance to one of the main thoroughfares to the Brisbane CBD, the Airport link Road (M7) and within walking distance to public transport