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Lot 1/22-34 Railway Terrace, Milton, QLD, 4064

2. Property Highlights

Inner City Brisbane Investment | New 5 Year Head Office Lease
  • Night Owl: 80+ stores nationally
  • Fixed 3% annual rent increases
  • Tenant pays all outgoings

Burgess Rawson is pleased to offer to market Night Owl Milton located at 22-34 Railway Terrace, Milton (Brisbane) QLD, for sale via our Investment Portfolio Auction 161.

The property has the following investment highlights:

+ New five (5) year net lease to mid 2027

+ Two (2) further five (5) year options to 2037

+ Head office lease to Night Owl Properties with director's guarantee

+ Night Owl: one of Australia’s fastest growing independent convenience stores with over 80 stores nationwide

+ Net lease with tenant responsible for all outgoings as per lease

+ Strong and certain income growth with fixed annual, compounding 3% rent increases

+ Large 146sqm* internal NLA with 44sqm* licenced outdoor area

+ Strategically situated in the Milton business precinct and directly opposite Milton Train Station, one of the busiest train lines in Queensland^

+ Milton: highly desirable inner-city suburb less than 2km* from the Brisbane CBD

+ Brisbane: the third largest city in Australia, with a population forecasted to grow by 15% to 2.875 million residents by 2035

+ Net Income: $90,861 pa* + GST

For Sale by Investment Portfolio Auction

10:30am AEST Thursday 22 June 2023

The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

^Brisbane Times

Remember to mention you found this property on CommercialReady

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3. Property Location

Lot 1/22-34 Railway Terrace, Milton, QLD, 4064

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4. Due Diligence

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Lot 1/22-34 Railway Terrace, Milton, QLD, 4064 Milton
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