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Cushman & Wakefield - Brisbane
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80 Thornton Street Raceview, QLD 4305

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For Sale - Auction

80 Thornton Street
Raceview, QLD 4305

Medical & Consulting • Shop & Retail • Showrooms & Bulky Goods
Sale Price

Contact Agent

Under Contract

Land area

2310.0m²

Floor area

780.0m²

Car spaces

14

Parking info

Onsite car parks

Property extent

Whole

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$224,000
Number of Tenants
1 Tenant
Tenants / Type
Raceview ELC

Renewed 12 Year Lease - Recent $300K Tenant Contribution

  • Renewed 12 year lease
  • Fixed 3% annual rent increases
  • Net Income $224,000 pa + GST
Cushman & Wakefield are pleased to present to the market 80 Thornton Street, Raceview for sale via Public Auction.

The property has the following key characteristics:

• Renewed 12 year lease to 2031 + options to 2051
• Kids ELC – Well established operator with 6 centres across QLD and VIC
• Expansive purpose built facility licensed for 118 places with new tenant funded outdoor play scape
• Raceview – Part of rapidly expanding western Brisbane corridor 30 km from CBD
• Strategic growth location – 350+ new townhouses being delivered in immediate precinct + proposed new Woolworths • anchored Shopping Centre
• 9 schools within 3 km radius of property
• Tenant pays all usual outgoings including Land Tax
• Lease secured by Director’s Personal Guarantees and Bank Guarantee equivalent to 3 months’ rent
• Fixed 3% annual rent increases
• Net Income $224,000 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 17 October at 2pm at the Cushman & Wakefield Sydney Office, located on Level 22, 1 O’Connell Street, Sydney NSW 2000.

Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property from one of these locations, please liaise with the exclusive agents.

Property ID: 503328082Last Updated: 15 Nov 2019

Cushman & Wakefield - Brisbane
80 Thornton Street
Raceview, QLD 4305
Tom Moreland
Aaron Dahl

Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street
BRISBANE CITY, QLD 4000

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Cushman & Wakefield - Brisbane

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Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street
BRISBANE CITY, QLD 4000
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Tom Moreland

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Tom Moreland
Cushman & Wakefield - Brisbane
80 Thornton Street Raceview, QLD 4305

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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