JLL Metro Sales & Investments are pleased to present to market Brisbane’s best positioned service station, United Woolloongabba. The property will offer one astute investors a rare long term & secure income stream backed by strong underlying land value and development potential to 20 storeys (STCA). We note the following investment highlights:

• Brand new 15 year net lease to United Petroleum plus 4x 5 year options
• 3% fixed annual rent reviews
• Tenant pays all outgoings (excluding land tax)
• Massive development upside to 20 storeys (STCA) and part of Woollooongabba Core precinct (MU-1)
• Prime position in immediately proximity to critical infrastructure projects including the Cross River Rail Woolloongabba Station ($5.4bn) giving the site unparalleled long term development potential
• Outstanding convenience retail position on Ipswich Road with exposure to over 50,000* passing cars per day.
• First service station passed departing the Brisbane CBD south
• Substantial first year depreciation benefits claimable
• Tenant responsible for remediating the site upon lease expiry
• Net income of $396,860p.a. as at 31 July 2019
*Approximately

The property is being offered for sale via public auction, which is being held on-site on Thursday 22 August at 11am. Please contact the managing agents for further information.