Watch Watch
Sold Check
+31 Photos
149 George Street, Beenleigh, QLD, 4207

2. Property Highlights

  • Strong performing drive-thru retailers
  • Secured by long-term 10 year leases
  • Significant depreciation benefits

CBRE Retail Investments are pleased to present to market 149 George Street, Beenleigh.

- Underpinned by secure long-term 10 year leases to Taco Bell & The Yiros Shop, with excellent income security via a lengthy 7.3 year WALE (by income).

- Commanding 2,596m2* site with a 46m* direct frontage to George Street and positioned alongside Hungry Jacks and opposite Beenleigh Marketplace Shopping Centre, providing excellent traffic generators.

- Located in a major growth corridor area at the midway point between Brisbane and the Gold Coast, the property is situated 33km* south-east of the Brisbane CBD and 38km north-west* of Surfers Paradise.

- The rising construction cost environment further underpins this built form asset as a purchase well below replacement cost with the opportunity for revisionary income in the future.

- Recently built in 2020, the property offers significant depreciation benefits and a tax effective income stream.

- Easily managed and defensive income stream with built in income growth of 3% per annum.

- Net Income $331,000 per annum*^ + GST.

For Sale via Expressions of interest closing Thursday 23rd November 2023 at 4:00pm (AEST).

For further information, please reach out to the sales and marketing agents.

*Approximate. ^As at 1 March 2024

Remember to mention you found this property on CommercialReady

Read More

3. Property Location

149 George Street, Beenleigh, QLD, 4207

Property Map
Show properties in the area

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
calculator-icon Yield Calculator
calcultor-icon Yield Calculator