38 Leonard Crescent, Brendale is a commercial facility located centrally in the Brendale Business Park. The property has recently been leased by the Queensland state government on a new 5 Year lease.

The property features:

Investment Highlights
Unit 1
• Net income of $118,079pa
• 551sqm first floor tenancy
• New 5 year lease commencing 01/04/2018
• 2 Year option after initial term
• Minimum 2.5% fixed annually
• All outgoings including land tax incorporated in net figure

Unit 2
• Net income of $91,479pa
• 436sqm first floor tenancy
• New 5 year lease commencing 01/04/2018
• 2 Year option after initial term
• Minimum 2.5% fixed annually
• All outgoings including land tax incorporated in net figure

Combined
• Net return of $209,558
• 987sqm total Net Lettable Area
• New 5 year lease commencing 0 1/04/2018
• Split over 2 Separate titles
• First floor commercial space
• Abundance of under cover parking on ground floor
• NBN connected to site
• Modern and appealing construction
• 2 out of 4 Strata Voting rights
• Multiple dedicated amenities including bathrooms, showers and kitchens

Location Highlights

• Brendale is centrally located in North Brisbane
• Established business hub
• 30 mins to Brisbane CBD
• 25 mins to Brisbane Airport
• 50 mins to Sunshine Coast
• Good connection to Bruce Highway, Gateway Motorway, Gympie Road & Sandgate Road
• Surrounded by major amenities including council HQ, Strathpine Regional Shopping Centre

To obtain and information memorandum or arrange an inspection please contact the exclusive agent CBRE or Raine & Horne.