Inner City Investment Leased to International Covenant
169 Wellington Road East Brisbane QLD 4169
Attributes and Features
|Building Area||1366 sqm|
|Land Area||1619 sqm|
|Last Updated||Aug 01, 2019|
Cushman & Wakefield are excited to present an extremely rare opportunity to acquire a quality leased investment with significant development upside. The property, which derives 70% of its income from global company ‘Rexel’ trading as Ideal Electrical, is offered for sale via Expressions of Interest closing Thursday 30 May 2019.
Key features of this exciting opportunity include;
- 1,619sqm* regular shaped land holding
- 1,366sqm* of modern building incorporating showroom, warehouse and office space
- Fully let net income circa $325,000/annum*
- Recently renewed 3 + 3 year lease to ‘Rexel Technologies’ trading as ‘Ideal Electrical’
- Mixed Use zoning offering 8 levels of development upside with views directly overlooking Raymond park to the CBD
- 17 on site car parks
- 40m* frontage to Wellington Road
For more information or to arrange an inspection, please contact the exclusive agents, Cushman & Wakefield.