Retail

19 Middle Street, Cleveland

19 Middle Street Cleveland, QLD Australia 4163
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1950
Building Area
Land Area

Property Description

  • 685sqm* retail & commercial centre located in the Brisbane Bayside suburb of Cleveland
  • Fully leased to three longstanding tenants with a strong history of trade and tenure at the location
  • 34 at grade carparks
  • Prominent 1,998sqm* corner site on a roundabout at the entrance to Cleveland’s central retail precinct
  • Zoned Principal Centre, with a maximum building height of 26m* providing a multitude of future development options
  • Lease & option expiry profiles allow access to the site for development by 2021
  • Recent major capex program undertaken, including replacement of the air-conditioning
  • Net income of $160,431p.a.* as at 31 December 2019

*Approximately


For Sale via Expressions of Interest, closing 4pm (AEST) Thursday 12 December 2019

Investment Highlights

  • Strategic Corner Positioning
  • Quality Tenant Covenants
  • Highly Sought After Bayside Precinct
  • Functional Existing Improvements
  • Genuine Re-positioning Opportunity
  • Development Upside
Campbell Bowers
Executive
Andrew Havig
Executive

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