Share this property

realcommercial.com.au

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

Directions

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

Shops & Retail • Offices • Showrooms & Large Format Retail

Price information

Sold

Contact Agent

Key property information

Land area

Floor area

Parking info

Property extent

Tenure type

Sold on

Map of 2101/20-24 Commerce Drive

Directions

$1,350,000 = 8.66% Yield

  • National Tenant
  • Revenue > $15M pa
  • New 3 year lease
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


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

*Approximately

Property ID: 502816034Last Updated: 30 Aug 2023

04503042...
realcommercial.com.au logo
2101/20-24 Commerce Drive
Browns Plains, QLD 4118
RWC Retail
level 26/111 Eagle Street
BRISBANE CITY, QLD 4000
progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

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.

Similar properties

Other properties you might be interested in based on the location and property type you are looking at.