* Multi tenanted investment opportunity
* Prime city fringe location with development upside
* 1,428m2 site zoned High Density Residential up to 15 storeys
* 1,000m2 of building with three existing tenants
Fantastic opportunity is offered to secure this prime city fringe site zoned High Density Residential op to fifteen storeys. Sitting on a regular shaped 1,428m2 site the property is improved by an office / warehouse building of approximately 1,000m2. Currently the building is split into three tenancies of 400m2, 200m2 and 400m2 respectively, is fully leased with a gross holding income of $121,000 per annum.
Demand for industrial property in the south city fringe suburb of Woolloongabba remains high, an area that is particularly attractive to businesses in the service trades due to its close proximity to the CBD, public transport and major arterial roads, including the Clem7 tunnel, and location above the flood plain. As might be expected, whatever comes onto the market is quickly taken up, however no longer at bargain prices.
For more details, please email agent