1210 Ipswich Road, Moorooka, Qld 4105

CBRE is pleased to present to market 1210 Ipswich Road, Moorooka.

• Leased to a national car dealership, Ozcar, and secured via a 5-year lease term with the tenant paying all outgoings (inc. land tax).
• Easily managed and defensive income stream via a single net lease with guaranteed income growth via CPI reviews over the remaining lease term.
• With the incoming new Neighbourhood Plan for Nathan, Salisbury and Moorooka, 1210 Ipswich Road will be the subject of rezoning and height increases along the ‘Magic Mile’.
• Situated in the heart of the established residential suburb of Moorooka, the site sits within close proximity to the Moorooka Train Station and an abundance of national & international retailers.
• Positioned on a premium 5,227sqm corner allotment offering significant underlying land value and outstanding exposure to Ipswich Road.
• Net Income $422,070* + GST per annum

1210 Ipswich Road, Moorooka is For Sale by Expressions of Interest closing Thursday 3rd October 2024 at 4pm (AEST).

*Approximate. ^As at 1 August 2024. **