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Kelly & Co Property - Brisbane

128 East Street Rockhampton City, QLD 4700

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128 East Street,
Rockhampton City, QLD 4700

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Kelly & Co Property - Brisbane
Pat Kelly

Kelly & Co Property - Brisbane

Level 24, 324 Queen Street
BRISBANE CITY, QLD 4000
Kelly & Co Property - Brisbane
128 East Street
Rockhampton City, QLD 4700

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10 Year Lease Plus Option to 2036 - High Profile CBD Asset - 10% Net Yield Expected

  • 10% Yield expectation
  • 10 Year lease + option to 2036
  • Tenant pays all outgoings
10 Year lease to July 2026 plus options to 2036
Prime CBD corner position
Long established iconic hotel and restaurant in the heart of the city
Land area 899 square metres
Building area 1,915 square metres over 3 levels
Tenant pays outgoings as per the lease
Annual CPI rent increases
3 Month bank guarantee
Principal Centre Zone under the Rockhampton regional planning scheme
Rockhampton - The administrative and commercial centre of central Queensland and the beef capital of Australia,
growing population 100,000 plus
Net income $363,780 p.a. (plus GST)

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

Property ID: 503074354Last Updated: 20 May 2021

Kelly & Co Property - Brisbane
Level 24, 324 Queen Street
BRISBANE CITY, QLD 4000
Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
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