SOLD - Loganlea (Brisbane) - Land Rich Investment - Secure 15 Year Triple Net Lease

Cushman & Wakefield are pleased to present to the market 40 Monash Road, Loganlea for sale via an offers to purchase.

The property has the following key characteristics:   

• 15 year lease to 2031 + options to 2041
• Commanding 3,071 sqm land holding situated within a strong residential and retail precinct
• Licenced for 65 Long Day Care places
• Convenient location close to Marsden Park Shopping Centre, Logan Hospital, Loganlea State High School, Loganlea Tafe and Griffith University
• Loganlea - Well established residential growth suburb with house values increasing more than 14% in the past year. Located 27 kms south east of the Brisbane CBD
• Lease secured by 6 month bank guarantee and personal guarantees
• Tenant pays all usual outgoings including Land Tax and structural capital expenditure
• Current zoning favourable for future residential development
• Fixed 3% annual increases
• Net Income $143,420 pa + GST

For more information please contact the exclusive agents at Cushman & Wakefield.