Raine & Horne Commercial are pleased to present to market this fully-tenanted investment, occupying a prime location within the Fortitude Valley entertainment precinct. Key Features:
• 534sqm* building spread over three levels
• 207sqm* regular shaped allotment
• Triple net lease returning $252,689*pa + GST with 4% annual increases
• Current lease expiring April 2028 with options to 2043
• Long-term tenant in place for past 12 + years
• Substantial capital investment spent on fit out and building works being fully refurbished in 2016
• Unique character commercial aesthetic
• Property has a successful 60 year history for its current use
• High exposure to major thoroughfare of the city fringe Freehold investments remain tightly held across the Brisbane city fringe with opportunities to secure high performing assets few and far between. Do not miss your chance to secure this historical holding offering significant stable returns and a prominent position across Brisbane's traditional cityscape. For further information and to receive a copy of the Information Memorandum, contact your exclusive Raine & Horne Commercial agents. Listing ID: 21442931