Sold
Retail

5/123 Redland Bay Road Capalaba, QLD 4157

Sold for $3,300,000 on 23 Nov 2021
  • Building: 747m²
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Retail in Capalaba

Investment Sale

  • Building: 747m²

Offered for sale for the first time since new, this group titled investment offers the successful purchaser an opportunity to secure a foothold in one of Brisbane's most sought-after retail showroom precincts. Located in arguably the heart of Redland Bay Road, and surrounded by a plethora of national brands, this well-maintained property is an outstanding addition to any portfolio.

Having occupied the premises since new, Forty Winks have proven to be a consistent performer. As part of a national network, Forty Winks are constantly engaged in broad-spectrum marketing programs and ensure the presentation of their store is kept to the highest possible standard.

The quality of this property, the strength of the lease and the opportunity for future rental growth should attract your attention. We look forward to welcoming your interest in 5/123 Redland Bay Road, Capalaba.

  • 747m²* air-conditioned retail showroom
  • 5 + 5 + 5-year lease to a nationally branded retailer, Forty Winks
  • Current nett rent $181,072.80 PA
  • Rear roller door access to warehouse
  • Self-contained amenities
  • Incredible exposure and signage

For Sale by Expressions of Interest Closing 18 November 2021, 4pm

This property is being sold by auction or without a price and therefore a price guide cannot be provided.

*Approximately

Building:

747m²

Zone:

MU - Mixed Use

Floor Types:

Carpet

Tenancy:

Tenanted

Categories:

Retail, Showrooms/Bulky Goods

Investment Information

Tenancy Status:

Untenanted

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

Title Scheme:

Strata Title

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

5/123 Redland Bay Road, Capalaba, QLD 4157