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Inner City Investment Leased to International Covenant

169 Wellington Road East Brisbane QLD 4169

  • Photoshopped Road 1
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  • Josephbyford 100482 8908
  • Josephbyford 100482 8910
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EOI Sold
Property No.

Attributes and Features

Building Area 1366 sqm
Land Area 1619 sqm
Last Updated Aug 01, 2019
Status Sold

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.

Inner City Investment Leased to International Covenant169 Wellington RoadEast Brisbane, QLD 4169
169 Wellington Road East Brisbane QLD 4169