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SOLD
JAX Tyres & Auto, 524 Samford Road, MITCHELTON, QLD, 4053
Tenanted Investment
DETAILS
Trophy Metropolitan Tyre & Auto Investment
  • Brand new 7 + 7 year lease to 2035
  • Tenant pays all outgoings inc land tax
  • Fixed 2.75% annual rent increases

+ High profile 1,915sqm corner site only 7km from the Brisbane CBD with over 39,000 passing vehicles per day

+ JAX Tyres & Auto: wholly owned entity of Hankook Tire (KRX) with a market cap of over $7billion

+ In operation as a tyre & auto facility for over 25+ years

+ Tenant commitment showcased through recent building works at their expense

+ Long term upside through a multitude of future development uses

+ Unique 2-year vacancy notification period, providing the landlord with ample time to pursue development

+ Mitchelton: 7km* North of the Brisbane CBD & home to the state’s largest army barracks with over 5,600 personnel

+ Net rent: $140,000 pa

For Sale by Investment Portfolio Auction

11am (AEST) Wednesday 29 September 2021

Venue: Crystalbrook Vincent Hotel, 5 Boundary Street, 'Howard Smith Wharves' Brisbane

Remember to mention you found this property on CommercialReady.com.au

PROPERTY SUMMARY
Auction:
Price on Request
AUCTION DATE:
29 Sep 2021 11:00AM
FLOOR AREA:
387 m² (*approx)
Land Size:
1915 m² (*approx)
Type:
Industrial, Retail, Land, Office/Warehouse, Large Format, Mixed Use, Office/Warehouse, Large Format, Mixed Use
Tenanted Investment:
Trophy Metropolitan Tyre & Auto Investment
LOCATION
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