520 Samford Road, Mitchelton, Qld 4053
Retail
|Land/Development
|Other
$1,800,000+
$1,800,000+
Published on: 13 Jun 2024
Last updated on: 18 Jun 2024
Property ID: 504615232
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Key property information
Land Size
1,197.00 m2
Floor Area
1,197.00 m2
Tenure Type
tenanted
High Exposure Investment with Future Development Upside
520 Samford Road, Mitchelton, Qld 4053
Positioned on busy Samford Road, less than 8km from Brisbane City this property provides a unique opportunity to secure a tenanted investment with endless future development upside. On offer is a substantial 1,197sqm corner parcel of land currently tenanted to KC Dry Cleaning on a 5-year lease to 30 June 2025. Located in the thriving Mitchelton precinct with Gaythorne RSL, Brookside Shopping Centre, childcare, fast food and auto retailers all located in close proximity. Privately held by same family for more than 30 years, this property offers endless opportunities with a strong holding income in place. This property must be sold! Offers close 16 July 2024. PROPERTY HIGHLIGHTS • Unbeatable exposure and street frontage to over 50,000* cars daily • Substantial 1,197sqm corner landholding fronting busy Samford Road • Held by same family for 30+ years • High underlying land value • 5-year lease to June 2025 + 1 x 5 year option • Currently tenanted to KC Dry Cleaning: national business with 20 locations across Queensland, South Australia and Victoria • Tenant pays all outgoings as per the lease • Annual CPI increases • Net income: $89,717pa + GST OFFERS CLOSING TUESDAY 16 JULY 2024. For further information contact Exclusive Agent Sarah Broad 0475 944 322.
Property Details
Basic Info
Basic Info
Property Type
RetailLand/DevelopmentOther
Listing Status
On Market
Land Size
1,197.00 m2
Address
520 Samford Road, Mitchelton, Qld 4053
Sarah Broad
Contact Agent
Email enquiry to Kelly & Co Property - Brisbane
Sarah Broad
Level 12, 324 Queen Street, Brisbane City, Qld 4000
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Property ID: 504615232
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