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BRISBANE NORTH
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198 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

      Share
      avatar Trent Bruce
      Trent Bruce
      Managing Director
      avatar Keelan Mylius
      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
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      avatar
      David Lynch

      Mortgage Broker

      phone 0447 817 878
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