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Burgess Rawson - Brisbane

14 Discovery Lane Mount Pleasant, QLD 4740

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14 Discovery Lane,
Mount Pleasant, QLD 4740

Shops & Retail • Showrooms & Large Format Retail • Offices

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Burgess Rawson - Brisbane
Neville Smith

Burgess Rawson - Brisbane

Level 12, 127 Creek Street
BRISBANE CITY, QLD 4000
Burgess Rawson - Brisbane
14 Discovery Lane
Mount Pleasant, QLD 4740

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Fully Leased High Profile Investment | Value Add Opportunity

  • Prominent 5,790sqm* corner highway site
  • Council approved for additional retail
  • Modern showroom with on-site parking
Burgess Rawson is pleased to offer to the market 14 Discovery Lane, Mount Pleasant (Townsville) for sale via Offers to Purchase.

The property has the following investment highlights:

+ Long established national tenants including Choices Flooring, Choices Tiles, First National Real Estate and L’Amour Home Furniture
+ Mostly 5 + 5 year leases
+ Fixed 3.5% annual rent increases
+ Building area: 1,290sqm* plus a 49sqm* storage shed
+ DA approval for two extensions offering an additional 1,077sqm* of lettable area
+ Prominent 5,790sqm* corner site
+ Modern showroom complex with substantial on-site parking
+ Opposite Harvey Norman complex, McDonald's and other national retailers
+ Over 30,000 vehicles passing daily
+ Mackay: one of Queensland’s fastest growing coastal cities and home to over 177,000 residents
+ Net Income: $221,797 pa* + GST

To be sold by Offers to Purchase.

Please contact the exclusively appointed Burgess Rawson team for more information.

*approx.

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Property ID: 504197107Last Updated: 1 Mar 2024

Burgess Rawson - Brisbane
Level 12, 127 Creek Street
BRISBANE CITY, QLD 4000
Burgess Rawson Consultants
National Office | Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
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