Burgess Rawson is pleased to offer to the market 302 & 303/486 Browns Plains Road, Berrinba QLD for sale via our Investment Auction Portfolio 172.

The property has the following investment highlights:

+ Renewed seven (7) year head office lease extension to 2031 plus three (3) further five (5) year options to 2046
+ Salvation Army Australia: 140+ year old ‘government funded’ retailer operating in 133 countries and employing 111,0000 people globally
+ High profile 641sqm* NLA building located within Berrinba Central – a high-profile, blue-ribbon centre, hosting premium national tenants including McDonald’s, KFC, Starbucks, United Petroleum and Bridgestone
+ Prominent 6,961sqm* parent site with dual access via Peter Way and Browns Plains Road, a major arterial highway with 45,000+ vehicles passing daily*
+ Fixed 2.5% annual rent increases ensuring growth
+ Landlord friendly net lease with tenant paying all usual outgoings as per lease
+ Recent construction completed 2021, providing depreciation benefits
+ Perfectly positioned adjacent Marsden on Fifth, anchored by Woolworths and including national tenants Domino’s, Subway and BWS
+ Located within a significant residential growth corridor, with 100,000+ residents within a 5km radius* ensuring the tenant’s strong trade
+ Logan City Council: second fastest growing LGA in South-East Queensland, with the population forecasted to increase 65% by 2046 to over 620,000 residents and $1.2 billion committed in future capital works projects
+ Net Income: $139,996 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 31 October 2024
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.