Offers above $4,900,000 | Government Tenanted Investment

Rare government leased office strata investment (Department of Child Services) of 1,186sqm with low outgoings and approximate NET income of $392,293.42 per annum.

• 118 Brisbane Road is a modern mixed use strata commercial development constructed circa 2005. Comprising ground
floor showroom and 1st level office space with abundant parking in the front and rear. The location is excellent fronting
main arterial ‘Brisbane Road’.
• Total surveyed lot area is 1,186sqm being the total top floor of the building with lift access.
• The lot includes 18 covered car spaces on title (as an extra 254sqm of area) at an additional annual licence of $25,625.
• Total outgoings including body corporate rates and council rates/water are $43,331.58 projected per annum excluding
GST and excluding Land Tax. Tenanted to the Department of Child Safety as a direct lease to the Queensland
Government, who have been in the premises since circa 2005. Current GROSS annual return of $435,625 with a lease
expiry of 25thApril 2025 plus 2 x 2 year options.
• FOR IMMEDIATE SALE ASKING $5,500,000


Contact exclusive representative Ed Howard on 0449 955 244 for further information.

*=Approximate only

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