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Sold in Oct 2024

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Quality Freehold Investment in North Lakes

101 Flinders Parade, NORTH LAKES, QLD, 4509


  • 2420 sqm
  • 989 sqm
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Quality Freehold Investment in North Lakes

101 Flinders Parade, NORTH LAKES, QLD, 4509


  • 2420   sqm
  • 989 sqm

Quality Freehold Investment in North Lakes

Property ID: L5100468 |

  • 2420 sqm
  • 989 sqm

"Key features of the property include:
- Brand new, 989sqm freestanding retail/showroom
- Prominently located on a high profile 2,420sqm allotment
New 5.7 year lease until October 2024 plus a further 5 year option
Leased to an expanding national furniture retailer
Net income of $192,660 per annum with fixed annual income growth
- Lessee responsible for 100% of outgoings including land tax
- Positioned a stone's throw away from Queensland's first Costco, Bunnings Warehouse, McDonalds and many others
- Direct proximity to key road infrastructure including the Bruce Highway, Gateway Motorway and local arterial; Boundary Road and Diamond Jubilee Way "

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Sold in Oct 2024