3/118 Brisbane Road, Labrador, Qld 4215

Rare government leased office strata investment (Department of Child Services) of 1,186 sqm* with low outgoings and approximate NET income of $392,293.42 per annum. 


•	118 Brisbane Road is a modern mixed-use strata commercial development constructed circa 2005. Comprising ground 
        floor showroom and 1st level office space with abundant parking in the front and rear. The location is excellent fronting 
        the main arterial ‘Brisbane Road’.

•	Total surveyed lot area is 1,186 sqm* being the total top floor of the building with lift access.

•	The lot includes 18 covered car spaces on the title (as an extra 254sqm* of area) at an additional annual licence of $25,625.

•	Total outgoings including body corporate rates and council rates/water are $43,331.58 projected per annum excluding 
        GST and excluding Land Tax. Tenanted to the Department of Child Safety as a direct lease to the Queensland 
        Government, who have been on the premises since circa 2005. Current GROSS annual return of $435,625 with a lease 
        expiry of 25th April 2025 plus 2 x 2-year options.	

•	For immediate sale by offers to purchase.


Contact exclusive representative Ed Howard on 0449 955 244 for further information. 

*=Approximate only 

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