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Property Description
JLL Metropolitan Retail Investments are proud to present to the market 434 Stafford Road, Stafford QLD for Sale via Auction.
The property is for sale by way of the JLL Metropolitan Retail Investments March Portfolio Auction. The Auction will be held on Thursday, 8 April at 6pm AEST at the Calile Hotel - 48 James Street, Fortitude Valley QLD.
The property has the following key characteristics:
Investment Highlights
- Main road retail investment fully leased to MyCar, Doors Plus & GOA
- 2,007sqm corner site with major exposure to over 30,000 passing cars per day
- Ease of access provided by signalised intersection and left in access off Stafford Road, driving the strong trade of each tenant
- Attractive net leases with up to 3.50% fixed annual rent increases
- Situated only 6.5km* from the Brisbane CBD between Stafford City Shopping Centre and Bunnings Stafford within a high profile commercial precinct
- Upside potential through rental reversion with base rents of $199 and $161/sqm for MyCar and Doors Plus respectively- well below market
- Net income of $272,913 per annum as at 31 March 2021
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