Contact the agent if you'd like further information.
Retail for Sale in Indooroopilly
Blue Chip Investment Underwritten by International Tenant
- Building: 128m²
- Land: 2,198m²
Next Steps:
Enquire with agentAdditional Information:
FloorplanInvestment Description
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This quality single-tenant investment is leased to Freedom Fuels, acquired 100% in December 2012 by Idemitsu Kosan Co-a publicly listed company on the Japanese stock exchange.
Idemitsu has an issued capital of $178 billion. As a very Substantial Listed Company, Idemitsu Kosan Co provides a very strong lease covenant and a very reliable rental income.
Key Demographic Features:
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- Massive 29,800 vehicles per day; or 10.87 million vehicles per annum
- Median Property Price Indooroopilly: Houses: $1,650,000 - Apartments: $780,000
- Population within 10 minute drive: 171,773 residents
- Median Household Income: $128,615 (v $102,179 QLD).
Key Investment Features:
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- Annual Rental Increases: Lesser of CPI or 4%
- Lease Details: 10 year initial term + 5 year option
- Current Lease expiry: June 2032 (inc options)
- Lease Type: Head office Lease to Listed Company
- Current Net Rent: $337,000 approx
For further information, please contact Stephen Kidd today on 0413 550 474
128m²
2,198m² / 0.54 acres
Low Density Residential - Approval For Primary Land Use Service Station
Tenanted
Retail, Industrial/Warehouse
Next Steps:
Enquire with agentThis property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Agents
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