FREEHOLD INVESTMENT/159 Morayfield Road Morayfield QLD 4506

Morayfield is a well-established residential suburb and only 40km from Brisbane CBD. Part of the Moreton Bay Council forecast population growth of 50% to 690,000 by 2041. This freehold property is positioned at the entrance of Morayfield Shopping Centre with 6.2 million annual visitors. Features include:
Leased to Westpac Banking Corp
5 year lease till March 2025 then option 2 x 3 terms
Fixed 3% annual rent review
Freehold site 1,082sqm & 352sqm immaculate purpose built building
Prime location with passing traffic of 33,000 vehicles daily
Net income $191,336 + GST (as at April 2024)
*approx