SOLD - Algester (Brisbane) - Outstanding Metro Brisbane Medical Freehold - Renewed Corporate Lease

Cushman & Wakefield is pleased to present to the market 257 Nottingham Road, Algester for Sale via Auction.

The property has the following key characteristics:

• Renewed & extended 7 year net lease to 2028 + options to 2038
• Corporate Head Company Lease to National Dental Care - Leading national dental service provider across 60+ locations
• Longstanding dental surgery - Tenant in occupation 22+ years
• Immaculate purpose built surgery with substantial recent capital investment from tenant
• Prime 968 sqm corner site benefitting from 65m frontage to major suburban thoroughfares Algester Road & Nottingham Road
• Strategically positioned opposite childcare centre, Parkinson Plaza Drakes Supermarket, BWS, Medical Centre & near Aldi, Coles, Woolworths & Bunnings
• Convenient metro location with direct access to major arterial Beaudesert Road (34,000+ vehicles daily) & near $512M Logan Motorway upgrade
• Algester - Established Brisbane suburb 16 km from CBD
• Tenant pays all outgoings including Land Tax
• Rare minimum 4% annual rent increases
• Net Income $116,328 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction on Thursday 25 November at 11am AEDT. The Auction will be held at Doltone House Hyde Park, located on Level 3/181 Elizabeth Street, Sydney.

Prospective purchasers & interested parties will have access to remote bidding facilities in both Brisbane & Melbourne as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.

Please contact the exclusively appointed Cushman & Wakefield property professionals for more information.