LJ Hooker Commercial Brisbane, is proud to present IGA on Bloomfield, located at Ross Court Cleveland to the market for sale. Rarely do opportunities of this calibre appear on the market. Outstanding opportunity to purchase secure investment with substantial income upside.

* Near New 15 Year Lease until 2035 + 2 x 5-Year Options. Total Term to 2045.
* 1,398sqm Building Area part of 9,524sqm Site Area in Cleveland CBD.
* Gross Income: $508,136.34 Per Annum + GST. Net Income: $412,226.58 Per Annum + GST.
* Annual CPI Reviews, providing solid and compounding income growth.
* Immaculate & prized new internal fit out to the value of $2,400,000 approx. Substantial depreciation benefits. (Report available on request).
* Strong covenant leased to Jones Retail Investments Pty Ltd. Renowned and highly experienced owner operators of 8 IGA’s in South-East Queensland. Over 25 Years Retail Experience. Awarded Retailer. IGA Store, Deli & Bakery of The Year 2022.
* Positioned within busy neighbourhood centre, alongside Medical, Department of Transport, BWS, & Pizza Hut.
* Abundance of exposure to Bloomfield Street & Ross Court. Corner Site with 125 car spaces.
* Principal Centre Zoned. Future development potential through amalgamation.
* Located within 500m of Queen St Cleveland, 1.5km to Train Station, 25km to Brisbane City.
* Situated opposite Caltex and new Magnolia Development consisting of 350 units. Close proximity to prominent retailers, schools, local businesses, and retirement/aged care villages.

BUILDING AREA: 1,398 sqm

Location:
Cleveland is located approximately 16kms (via road) east of the gateway motorway, 23kms (via road) north-east of the pacific motorway and approximately 9kms (via road) east of the Capalaba industrial precinct. Cleveland is the local government and business centre of the newly named Redland City (formally Redland Shire). Cleveland and the Redland’s diverse population give local businesses access to a strong professional, skilled, and labour workforce. The Cleveland commercial property mixture of professional office, retail, industrial and warehouse space provides local businesses and manufacturers access to most required professional and trade services and locally manufactured or imported products, while also having good access to major arterial roads and motorways connected Cleveland to the greater Brisbane, Gold and Sunshine Coast market places.