689 New Cleveland Road, GUMDALE, QLD, 4154

+Secure 15-year net lease to 2029 plus options to 2044.

+Guaranteed growth with annual, fixed compounding 3.75% increases.

+7-Eleven: Australia’s #1 convenience retailer with over 700 stores and 38% market share.**

+Attractive net lease structure with 7-Eleven responsible for council rates, water rates, insurance and repairs and maintenance.

+Commanding 2,336 sqm corner site with combined 99 metres of frontage and exposure.

+Surrounded by important social infrastructure, including 4 schools and tertiary education facilities in a 3km radius servicing 3,000* full-time students.***

+Strategically situated opposite IGA anchored East-Side Village, boasting retail amenities including Cellarbrations, Subway, Gumdale Pharmacy, Gumdale Medical Centre and Gumdale Tavern.

+Brisbane City Council: The third largest city in Australia, with population forecast to grow 230% to 4.2 million residents by 2050.****

+Gumdale: Affluent and high capital growth suburb with median household income 100% higher than QLD’s average***** and median house price increased by 43.3% to $1,372,500 in the last 12 month. ******

+Minimum management, essential service investment.

+Estimated Net Rent: $372,283 pa + GST

For Sale by Investment Portfolio Auction

10:30am (AEST) Thursday 23 June 2022

The Hilton - Brisbane

*approx

Remember to mention you found this property on CommercialReady