8 & 9/110 Macquarie Street,
Teneriffe, QLD 4005
Hotel, Motel & Leisure • Shops & Retail • Other
Price information
Sold
Contact Agent
Key property information
Floor area
Property extent
Tenure type
Sold on
Burgess Rawson - Brisbane
Level 12, 127 Creek StreetBRISBANE CITY, QLD 4000
8 & 9/110 Macquarie Street
Teneriffe, QLD 4005
Map
Iconic Metro Brisbane Pub Investment
- Prime location in heart of Teneriffe
- New 6 year lease plus options to 2034
- Fixed 3% annual rent increases
Burgess Rawson is pleased to offer to the market, 8 & 9 / 110 Macquarie Street, Teneriffe (Brisbane) QLD for sale via our Auction Investment Portfolio 157.
The property has the following investment highlights:
+ New 6 year lease to 2028 plus 1 x 6 year option to 2034
+ Fixed 3% annual rent increases
+ Tenant pays all outgoings as per lease excluding sinking fund levy
+ Iconic pub nestled in the base of the renowned 1950's red brick Dalgety and Co’s No.3 Woolstore building in Teneriffe
+ Strategic corner site with a combined 27 metres* of retail frontage to Macquarie Street and Florence Street
+ In operation as a pub at this location for over 24 years
+ Substantial tenant fit-out investment of approximately $200,000 showcasing strong long-term commitment to the location
+ Prestigious location within Teneriffe’s main retail and commercial precinct, centrally located and servicing the densely populated residential and commercial area
+ Teneriffe: Brisbane’s most affluent residential suburb, with a median house price of $3,000,000, growing 21.2% in the past 12 months
+ Net Income: $137,502 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEST Thursday 8 December 2022
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
The property has the following investment highlights:
+ New 6 year lease to 2028 plus 1 x 6 year option to 2034
+ Fixed 3% annual rent increases
+ Tenant pays all outgoings as per lease excluding sinking fund levy
+ Iconic pub nestled in the base of the renowned 1950's red brick Dalgety and Co’s No.3 Woolstore building in Teneriffe
+ Strategic corner site with a combined 27 metres* of retail frontage to Macquarie Street and Florence Street
+ In operation as a pub at this location for over 24 years
+ Substantial tenant fit-out investment of approximately $200,000 showcasing strong long-term commitment to the location
+ Prestigious location within Teneriffe’s main retail and commercial precinct, centrally located and servicing the densely populated residential and commercial area
+ Teneriffe: Brisbane’s most affluent residential suburb, with a median house price of $3,000,000, growing 21.2% in the past 12 months
+ Net Income: $137,502 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEST Thursday 8 December 2022
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
Property ID: 504199032Last Updated: 1 Mar 2024
Burgess Rawson - BrisbaneLevel 12, 127 Creek Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from Burgess Rawson - Brisbane
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Industry Beans, 18 Proe Street,Newstead, QLD 4006 641 m²Shops & Retail • Warehouse, Factory & Industrial • Hotel, Motel & Leisure
Contact Agent
4/10 Market Street,Brisbane City, QLD 4000 97 m²Shops & Retail • Hotel, Motel & Leisure • Other
Contact Agent
L104/L106/247 Wickham Street,Fortitude Valley, QLD 4006 342 m²Shops & Retail • Hotel, Motel & Leisure