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257 Nottingham Road, Algester, QLD, 4115,

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+31 Photos

+33 Photos

Properties / Buy / Queensland / Algester

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Contact Agent

Land Area

968 m² (*approx)

Property Type

Offices, Retail

Terms

7 year net lease to 2028 + options to 2038

Est. Income

$116,328 p/a

Fully Leased

National Dental Care

Car Spaces

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2. Property Highlights

Outstanding Metro Brisbane Medical Freehold - Renewed Corporate Lease to National Tenant

Renewed & Extended 7 Year Lease to 2028
Secure National Tenant - 60+ Locations
Rare 4% Annual Increases

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.