Raine & Horne Commercial are proud to present to the market for sale one of the last remaining privately owned substantial land holdings in Redland City. This exceptional property with three street frontage and four separate buildings is located in Capalaba – Redland City’s largest flood free and extremely tightly held retail, commercial and industrial precinct.
This is a unique opportunity to purchase a multi tenanted investment property which ticks all the boxes. 160 Redland Bay Road offers not only excellent diversification of risk but its size, functionality and location are second to none. In conjunction with low rentals and value add opportunity this property is a stand out asset. Current net rental income is approximately $727,000 per annum.
The property has mixed use zoning and sits on 15,900sqm of flood free land with 78 metres of frontage to Redland Bay Road – the main arterial road through Capalaba’s retail and commercial precinct. It has full drive around capability through the whole site with 84 onsite car parks.
160 Redland Bay Road presents itself to a wide range of users and currently has retail showroom, warehousing and light manufacturing tenants. The businesses range from corporate companies to family operated. The two major tenants are Rexel Electrical Supplies (on site since 2002) and Hudson Building Supplies (on site since 2009).
The four buildings on site vary in construction from portal frame iron clad to partial and full tilt panel. There are seven tenancies in total. The tenancy sizes are varied which provides investors with the opportunity to cater for a wide range of users in addition to there being internal reconfiguration options available.
This property is for sale by Expressions of Interest closing on 10 June 2022 (if not sold prior). Video link provided.
An Information Memorandum is available for interested parties and an online Due Diligence file will be made accessible for qualified purchasers.
For further information please contact Exclusive Agent, Colin Tucker. Site inspections are available by appointment only.