Retail for Sale

2101/20-24 Commerce Drive Browns Plains, QLD 4118

Auction
  • Building/Land: 314m² (0.08 acres)

Auction details

  • Auction
    15June10:00am
    10:00am
    Level 26, 111 Eagle Street, Brisbane

Auction location: Level 26, 111 Eagle Street, Brisbane

Contact the agent if you'd like further information.

Enquire with Agent
Retail for Sale in Browns Plains

Calling All 8%+ Buyers

  • Building/Land: 314m² (0.08 acres)

This offering provides the opportunity to invest in a secure education investment property leased to Kirana Colleges - one of Australia's fastest growing Registered Training Organisations.

The education sector is becoming a major driver of tenant demand in Brisbane and is being heralded as the country's next mining boom (Australian Financial Review, 2017).

Highlights of the Property include:

  • A national tenant covenant, Kirana Colleges has a revenue over $15,000,000 pa
  • New 3 year net lease to 2021 + options to 2027
  • Strong income growth with fixed 4% annual increases
  • Tenant pays outgoings including management fees (excluding land tax)
  • Sale includes the new 2018 fit out with significant depreciation benefits
  • Secure monthly income stream underpinned by 3 month security bond
  • Net income of $117,000* + GST pa

Auction
Friday 15th June 2018 at 10:00am
Level 26, 111 Eagle Street, Brisbane QLD 4000

As the exclusive marketing agents, we look forward to assisting you with your enquiries.

*Approximately
**This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Building:

314m²

Land:

314m² / 0.08 acres

Categories:

Retail, Offices, Showrooms/Bulky Goods

This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

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