Newtown

Long Term Tenants - Established Law Firm

• Lease: 44 months remaining of 10 year lease + Option
• Return: $54,019.53* pa net
• Building size: 275m2* (2 storey) - Land Area: 906m2*
• Car parks: 12 on site
• Location: Main Road cnr position with future development upside (STCA)

The Opportunity

On offer is a secure investment opportunity. Morrison Lawyers are the long term tenants of this 275m2 two level brick office (originally a house that has been fitted out as a professional suite).

The office is well appointed and is air-conditioned and gains high exposure from the much utilised Brisbane Road thoroughfare. The property enjoys 2 street frontage being positioned on the corner of Brisbane Road and Frederick Street, Newtown.

The site has full concrete driveway and car parking facilities accommodating 12 onsite car parks.
Morrison Lawyers have been offering their services from this property for over 15 years. They have 44 months remaining of their current 10 year lease with a remaining option of a further 5 years.
The site does lend itself to future development subject to council approval.
*approx

Offered for sale by Public Auction
Thursday, 19 August 2010 @ 10.30am
Stamford Plaza, Brisbane

For further information please contact:

Damian McMahon 0407 632 753
dmcmahon.commercial@raywhite.com
Ray White Commercial (Queensland)

Trent Quinn 0401 907 878
trent.quinn@raywhite.com
Ray White Commercial Ipswich