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- 198 Wickham Street, FORTITUDE VALLEY, QLD 4006
Map198 Wickham Street, Fortitude Valley, QLD 4006
Floor Area:
534sqm
Land Area:
207sqm
Sold
HIGH YIELDING FREESTANDING PASSIVE INVESTMENT!
Raine & Horne Commercial are pleased to present to market this fully-tenanted investment, occupying a prime location within the Fortitude Valley entertainment precinct.
Key Features:
• 534sqm* building spread over three levels
• 207sqm* regular shaped allotment
• Triple net lease returning $252,689*pa + GST with 4% annual increases
• Current lease expiring April 2028 with options to 2043
• Long-term tenant in place for past 12 + years
• Substantial capital investment spent on fit out and building works being fully refurbished in 2016
• Unique character commercial aesthetic
• Property has a successful 60 year history for its current use
• High exposure to major thoroughfare of the city fringe
Freehold investments remain tightly held across the Brisbane city fringe with opportunities to secure high performing assets few and far between. Do not miss your chance to secure this historical holding offering significant stable returns and a prominent position across Brisbane's traditional cityscape.
For further information and to receive a copy of the Information Memorandum, contact your exclusive Raine & Horne Commercial agents.
Listing ID: 21442931
Trent Bruce
Managing Director
Keelan Mylius
Sales & Leasing Executive
Got a property to sell? Contact us for a free Request Appraisal
Property Info:
- Property ID: L25181587
- Property Type:Retail
- Building / Floor Area:534 sqm
- Land Area:207 sqm
Need help with your finance?
Our Broker is always on your side, and we are proud to be helping Australians obtain finance that best suits their circumstances and allows them to realise their property dreams. Your broker will work on your behalf, not the banks, to ensure that you get the most competitive rate within a product best suited to your needs and we do it fast and for free.
David Lynch
Mortgage Broker
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