113 Granard Road ROCKLEA QLD

FOR SALE | METRO BRISBANE SERVICE STATION RETURNING CIRCA 6%

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Elders Commercial Brisbane are pleased to exclusively present to the market for sale 113 Granard Road, Rocklea – a strong performing metropolitan Brisbane service station located within one of Queensland’s most high-profile growth corridors.

The investment posesses the following characteristics:

– Long term, secure ten (10) year net lease providing 4% or CPI annual rent increases
– Strong 5.3 year WALE with favourable options until 2036
– Anchored by Freedom Fuels – A wholly owned subsidiary of multinational giant Idemitsu Kosan Ltd, a Fortune 500 Company with market capitalisation of $873 Billion
– Impressive convenience retail asset with built in sales counter, console, refrigeration units and stock displays
– Strategic homebound location with direct site access & exposure to 45,000* vehicles passing daily
– FLOOD FREE SITE DURING BRISBANE’S 2011 FLOODS!
– Granard Road – Busy carriageway home to tenants such as McDonald’s, Hungry Jack’s, Bunnings & Kennards Hire
– Rocklea – 11km south west of the Brisbane CBD, home to high growth residential & huge industrial catchments
– Passive Triple Net lease structure with tenants paying all usual outgoings incl. Land Tax and Building Insurance
– Current Net Income $288,748.23 pa + GST increasing to $300,298.16 + GST pa on 22nd of August

For more information or to arrange a private inspection, please contact the exclusive Elders Commercial Agents today

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Property Type

Retail

Overview

Type
Retail
Contract
Sold
Building Size
283 sqm
Carport
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