101 Flinders Parade North Lakes, QLD 4509
Tenanted Investment Details
Quality Freehold Investment - New 5 Year Lease to National Tenant
- Prominent Freestanding Building
- Net Income Of $192,660
- Strong Covenant With Long WALE
Key features of the property include:
- Brand new, 989sqm freestanding retail/showroom
- Prominently located on a high profile 2,420sqm allotment
- New 5.7 year lease until October 2024 plus a further 5 year option
- Leased to an expanding national furniture retailer
- Net income of $192,660 per annum with fixed annual income growth
- Lessee responsible for 100% of outgoings including land tax
- Positioned a stone’s throw away from Queensland’s first Costco, Bunnings Warehouse, McDonalds and many others.
- Direct proximity to key road infrastructure including the Bruce Highway, Gateway Motorway and local arterial; Boundary Road and Diamond Jubilee Way.
For further information or to arrange an inspection please contact the exclusive agents from JLL.
Property ID: 503137002Last Updated: 21 May 2019