A unique opportunity to secure a solid investment in this sought after precinct with record growth which is predicted to strengthen in the future with new projects already under way.
There is a total land area of 1347m2 with a 769m2 net let area PLUS additional income from 30 car parking spaces.
Currently in place there are 14 tenancies – both retail and commercial – returning over $800,000 p.a ex GST with a scheduled 5% increase p.a.
Prime location being only 3.5kms to Gateway Arterial, 8kms to Brisbane CBD and a 5 minute walk to the Bulimba Citycat Terminal – easy access for visitors to the area.
Bulimba is a tightly held precinct and is well known as Brisbane’s premier riverside suburb attracting visitors from near and far to experience the array of restaurants, bars, movie theatres and upmarket shops.
Providing a great investment for years to come with a strong return and possible further development potential (subject to BCC approval) makes this a secure long term investment.