427 Moggill Road, Indooroopilly, QLD, 4068

Auction | Thursday 7th August at 11am

In Rooms at 43 Nariel Street, Albion

Investment Description

_____________________________

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:

_____________________________

• 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:

_____________________________

• Annual Rental Increases: Lesser of CPI or 4%

• Lease Details: 10 year initial term + 5 year option

• Current Term Lease expiry: June 2028 + 5 year option

• Lease Type: Head office Lease to Listed Company

• Current Net Rent: $350,000 approx

Auction Details:

_____________________________

• Auction Date: 7th August 2025

• Location: 43 Nariel Street, Albion QLD - Ray White Metro North Auction Room

• Time: 11.00 am

For further information, please contact Stephen Kidd today on 0413 550 474

Remember to mention you found this property on CommercialReady