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JLL - Brisbane
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101 Flinders Parade North Lakes, QLD 4509

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For Sale

101 Flinders Parade North Lakes, QLD 4509

Showrooms & Bulky Goods • Warehouse, Factory & Industrial
Sale Price

$2,900,000

Excl. GST

Land area

2420.0m²

Floor area

989.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Return

6.6% p.a.

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$192,660
Number of Tenants
1 Tenant
Tenants / Type
JF Furniture

Quality Freehold Investment - New 5 Year Lease to National Tenant

  • Prominent Freestanding Building
  • Net Income Of $192,660
  • Strong Covenant With Long WALE
On behalf of the vendor, JLL have the exclusive pleasure in offering 101 Flinders Parade, North Lakes to the market for sale via offers to purchase.

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

JLL - Brisbane
101 Flinders Parade
North Lakes, QLD 4509
Fraser Power
Nick Bandiera

JLL - Brisbane

Central Plaza One Level 39, 345 Queen Street
BRISBANE CITY, QLD 4000

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JLL - Brisbane

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JLL - Brisbane

Central Plaza One Level 39, 345 Queen Street
BRISBANE CITY, QLD 4000
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Fraser Power

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Fraser Power
JLL - Brisbane
101 Flinders Parade North Lakes, QLD 4509

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

Kind Regards,

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