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999 Stanley Street East, EAST BRISBANE, QLD, 4169

+9 Photos

+11 Photos

SOLD

999 Stanley Street East, EAST BRISBANE, QLD, 4169

Properties / Sold / Queensland / East Brisbane

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

1,196 m² (*approx)

Floor Area

1 m² (*approx)

Property Type

Industrial, Retail, Other

Terms

Brand new 12 year lease to 2034 plus options to 2054

Est. Income

$349,725 p/a

Fully Leased

7-Eleven

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2. Property Highlights

Iconic Inner-City Trophy 7-Eleven – 2.5km to the Brisbane CBD

Brand new 12yr lease to 2042
Fixed 3% annual rental increases
Tenant pays all usual outgoings

+ Brand new 12 year lease to 2034 plus options to 2054

+ Fixed 3% annual rental increases providing bankable built-in growth

+ Extremely rare inner-city fuel outlet only 2.5kms to the Brisbane CBD

+ 1,196sqm site ideally located fronting major arterial Stanley Street East with significant underlying value

+ Construction completed in May 2022, allowing for outstanding tax depreciation benefits (approx. $143,209 first year tax deprecation)

+ 7-Eleven – Australia’s favourite fuel and convenience offering with over 700 stores nationally

+ Ideal net lease structure – tenant pays all outgoings (excl. land tax)

+ Key growth location only 800m from the Gabba – Brisbane’s proposed 2032 Olympic Games stadium

+ East Brisbane: Affluent and dense catchment filled with important transport connectivity, amenity and social infrastructure

+ Brisbane: The third largest city in Australia, with population forecasted to grow by 230% to 4.2 million residents by 2050

+ Net income of $349,725 pa + GST

For Sale by Investment Portfolio Auction

10:30am (AEST) Thursday 23 June 2022

Hilton Hotel, Brisbane

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