Cushman & Wakefield is pleased to present 605 Nudgee Road, Nundah to the market for sale via Expressions of Interest closing Thursday 28th July 2022 at 4pm.
605 Nudgee Road, Nundah is a high profile, multi-tenanted investment located on Nudgee Road on the border of Nundah and Hendra. The property is strategically located along the main road of Nudgee Road with huge exposure to the Southern Cross Motorway at the rear. The property is situated on a 2,530sqm* site with multiple crossovers to Nudgee Road. The asset is an 890sqm building consisting of two separate tenancies with a total annual net income of $140,000. The anchor tenant, Signarama, has been an extremely long-term tenant, and WSP Services are a national company who moved to Nudgee Road in 2020.
The property is a rare multi-tenanted asset with two national tenants that is perfect for a private investor or self-managed super fund.
• 890sqm* building split into two tenancies
• Securely leased by two national companies
• 2,530sqm* regular shaped site zoned Low Impact Industry (LII)
• Net income of $140,000 per annum*
• Annual increases of CPI or 3% on both leases
• Signarama lease expiry of October 2024 with options
• WSP Services lease expiry of July 2023 with options
• Proven under market rental with future uplift
• Ideally located with huge exposure to both Nudgee Road and the Southern Cross Motorway
• 7km from the Brisbane CBD
This opportunity is offered for sale via expressions of interest closing Thursday 28th July 2022 at 4pm.
For further information and a copy of the information memorandum, please contact the exclusive agents from Cushman & Wakefield.
- Brisbane - North
