SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Brisbane CBD Freehold Investment – Brand New Triple Net 12 Year Lease to 2033

86 Astor Terrace, Brisbane City QLD

Property Highlights

New 12 year triple net lease
Minimum 3% annual rent increases
Development upside

Description

Blue-Chip Asset in the City of Brisbane, strong underlying land value
A truly unique & rare trophy CBD
Brand new 12 year triple net lease to 2033 + options to 2041
Brisbane City Child Care – highly qualified childcare provider in operation since 2004
Minimum of 3% compounding annual rent increases
Triple Net Lease: Tenant pays 100% of outgoings including all maintenance, capex, land tax, rates, electricity, management fees and all insurances
Future development upside, potential to build a 15 story high rise (STCA)
Licenced for 147 Long Day Care places
17 off street carparks accessed from John Street with 14 being internal and secure plus 4 external 15 minute drop-off bays
Desirable 2 street frontages, Astor Terrace & John Street
Self-contained 1,303sqm building plus onsite internal secure parking and four levels of childcare accommodation
Freehold site area of 816sqm
Brisbane’s population is over 2,400,000 and forecast to rapidly increase to 3,180,000 by 2031
Net income: $672,379 pa + GST

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 31 March 2021

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.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Childcare
Land Size
816 SQM
Building Area
1,303 SQM

Contact Me