Magnificent profile property that is fully tenanted by a very successful newsagency business. The current owner/operator has owned the business for 7 years with the premises being home to this style of operation for the past 25 years.

The site has the potential to be developed further in the coming years (subject to council approval) as the zoning allows for future development of the existing site under the current Town Planning Scheme, which gives the property added benefits for the future.

Property opportunity and future potential:
1) Purchase today as a going concern in the knowledge you are buying a property with a stable long term tenant in place on a lease that gives options through to 2019.
2) The ability to later increase the lettable floor area thus increasing the rent return of the property.
3) Purchase adjoining residential property (1 Brisbane Road, Newtown ) thereby increasing income and the land holding to 1201sqm.
*Excellent lease/tenant*Worry free investment*3yrs still to run with a 5 year option*Arguably Ipswich’s highest profile corner*Possible future development potential*Motivated Vendor