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586 Wickham Street Fortitude Valley, QLD 4006

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For Sale

586 Wickham Street Fortitude Valley, QLD 4006

Showrooms & Bulky Goods • Offices • Other
Sale Price

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Floor area

7123.0m²

Property extent

Whole

Tenure type

Vacant Possession

AUDI & EUROMARQUE CENTRE BRISBANE

  • Triple net lease
  • 9¼ year WALE
  • ASX-listed tenant
Nothing is more valuable than certainty.

There are a number of things that can be know for certain about the Audi & Euromarque Centre Brisbane:

- Rare triple net lease structure requiring tenant to pay all operational, statutory, and maintenance expenses
- 9.25 years remaining on initial 10½+5+5 year lease
- Net passing income $5,287,425 p.a. (as at 1 October, 2017)
- Cashflow secured by highly performing ASX-listed Autosports Group (ASX:ASG) – gross revenue of $1.45bn in FY17
- Current dealership has occupied the premises since funding its construction in 2001
- Strong in-built rental growth with fixed annual rent reviews of 3.50% and ratchet clauses at each market review
- Irreplaceable 7,123sqm landholding developable to 20 levels (as of right)
- Ideally situated within the heart of Brisbane’s premier mixed-use precinct

Parties interested in purchasing the Audi & Euromarque Centre Brisbane are invited to lodge an Expression of Interest (“EOI”) 12 p.m. Wednesday, 18 October, 2017.

Property ID: 502550810Last Updated: 20 May 2019

586 Wickham Street
Fortitude Valley, QLD 4006

Agency contacts

CBRE - Brisbane

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CBRE - Brisbane

Waterfront Place Level 3, 1 Eagle Street
BRISBANE CITY, QLD 4000
Cushman & Wakefield - Brisbane

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Cushman & Wakefield - Brisbane

Level 11, 123 Eagle Street
BRISBANE CITY, QLD 4000
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Send to:

Tom O'Driscoll
CBRE - Brisbane
586 Wickham Street Fortitude Valley, QLD 4006

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

Kind Regards,

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