Multi-Tenanted Investment with Option to Buy Anchor Tenant's Business + Future Development Upside

Fully Tenanted investment with long-established tenants will be sold. The building is in a highly visible location on busy Wishart Road. The property is strategically located in an area that is affluent and well established, but still growing. Much of the growth in the area is due to it's easy access to Brisbane CBD approximately 14.2*km away. Demand for the area has meant ongoing growth due to increased densification. This strong residential growth may lead to future upside with the property due to it's prime location.

224 Wishart Road is for sale with the flexibility to purchase the property only, the property and the business, or the business only.
• Property only. In the event that an investor wishes to purchase the property but not the business, Pet City is willing to execute the draft lease for 5 years.
• Property and the business purchased together. This option is highly suitable for investors experienced in veterinary or pet businesses. The existing veterinary business' lease is at an end in November and that space could be available also on 6 months' notice to the tenant.
• Business only. The Pet City business has been operated by the same family since its inception 67 years ago. In that time a strong local following has ensured ongoing loyalty from a substantial customer base. The business is offered on a 'walk-in, walk-out' basis plus stock at cost price at settlement.

The property is fully leased and has eight tenancies; all have annual reviews at CPI. Seven of the tenancies are on the Wishart Road level with parking for 15 at the front of the building. Side driveway access takes you to the lower ground level where Pet City is located, along with 45 additional car parks.

This is a unique opportunity to secure a fully tenanted investment property with the option to purchase the Pet City business as well.

For more information on this unique opportunity, please contact Grant Turner (0457 766 812) or Julie Ryan ( 0447 445 453) to receive a copy of the Information Memorandum and access to the Data Room.

*Approx.

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by ZMA Commercial Pty Ltd trading as Ray White Commercial CSR toward the recipient with regard to the use of this information and all information given is given without responsibility.

Explore the area

School catchments

Wishart State School Primary Prep-6 Government 0.38km
St Catherine's Catholic Primary School Primary Prep-6 Catholic 0.45km
Brisbane Adventist College Combined Prep-12 Independent 0.55km
Mansfield State High School Secondary 7-12 Government 1.3km
Mansfield State School Primary Prep-6 Government 1.4km
Mount Gravatt East State School Primary Prep-6 Government 1.5km
St Bernard's School Primary Prep-6 Catholic 1.5km
Upper Mount Gravatt State School Primary Prep-6 Government 1.7km
Clairvaux MacKillop College Secondary 7-12 Catholic 1.8km
St John of Kronstadt Academy Primary Prep-4 Independent 1.8km
Seton College Secondary Catholic 2.0km
Mount Gravatt State High School Secondary 7-12 Government 2.3km
Queensland Pathways State College - Mt Gravatt Campus Secondary Government 2.3km
Mount Gravatt State School Primary Prep-6 Government 2.4km
Citipointe Christian College Combined Prep-12 Independent 2.4km
Yarranlea Primary School Primary Prep-6 Independent 2.6km
MacGregor State High School Secondary 7-12 Government 2.6km
St Agnes School Primary Prep-6 Catholic 2.6km
Mackenzie State Primary School Primary Prep-6 Government 3.0km
Seville Road State School Primary Prep-6 Government 3.1km
MacGregor State School Primary Prep-6 Government 3.8km
Holland Park State High School Secondary 7-12 Government 3.8km
Cavendish Road State High School Secondary 7-12 Government 3.9km
Sunnybank State High School Secondary 7-12 Government 4.6km
Rochedale State High School Secondary 7-12 Government 4.7km
Loreto College Coorparoo Combined 5-12 Catholic 5.0km
Redeemer Lutheran College Combined Prep-12 Independent 5.2km
Whites Hill State College Combined Prep-12 Government 5.3km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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