Retail for Sale

80 Old Cleveland Road Capalaba, QLD 4157

Expressions of InterestPlay Video
  • Building: 692m²
  • Land: 477m² (0.12 acres)

Contact the agent if you'd like further information.

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Retail for Sale in Capalaba

CAPALABA OFFICE INVESTMENT + FUTURE DEVELOPMENT SITE

  • Building: 692m²
  • Land: 477m² (0.12 acres)

Ray White Commercial Bayside are delighted to present 80 Old Cleveland Road, and 7-9 Banfield Lane, Capalaba FOR SALE by Expressions of Interest.

This iconic office building, the HQ for Brisbane's MD Lawyers, a law firm with a trading history in excess of 30 years, presents an outstanding multi-tenanted investment opportunity with the added bonus of a future development site located at the rear.

Having recently undergone a refurbishment, the office building presents as new, with modern features and an attractive facade designed to draw the attention of traffic passing on busy Old Cleveland Road.

Banfield Lane, currently used as car parking, presents an excellent opportunity to land bank a central Capalaba development site.

  • 692sqm* two level office building on 477sqm* site
  • Additional 849sqm* future development site
  • 5 tenancies (1 x vacant)
  • Current net income $183k; potential net income $210k^
  • Refurbished building with depreciation benefit

For a detailed Information Memorandum, please contact exclusive agent, Nathan Moore on 0413 879 428 or 07 3245 7199

* Approximately

Building:

692m²

Land:

477m² / 0.12 acres

Zone:

Major Centre

Floor Types:

Carpet Tiles

Categories:

Retail, Offices

This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Investment Information

Tenancy Status:

Partially Tenanted

Current Weekly Rent:

$210,000 *

Current Annual Gross Income:

$10,950,000 *

Current Annual Nett Income:

$10,917,000 *

Current Annual Other Outgoings:

$33,000 *

Current Annual Total Outgoings:

$33,000 *

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

Council:

Redland City Council

* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease

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

* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease

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

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