Cushman & Wakefield is pleased to present 1/36 Johnson Road, Hillcrest to the market for sale.
This asset represents a rare opportunity to secure a brand new, securely leased asset with inbuilt growth and strong depreciation benefits. The property is leased by international brand, Oxygen Gym with locations in the Middle East providing exceptional long term income security.
Property highlights:
- 2,436sqm* brand new building
- 10 year lease to a well established gym operator, trading as Oxygen Gym
- Leased until 2035 with options to 2055
- Passing net income of $800,000 per annum + GST
- Fixed 4% annual increases
- Concrete tilt panel construction
- High profile site with quality finishes and fit out
- Significant depreciation benefits
*Approx.
Located in Hillcrest, one of Brisbane’s southern industrial and retail hubs, the property benefits from exceptional connectivity to both the Logan Motorway and Mt Lindesay Highway and is approximately 29km* from the Brisbane CBD.
For further information, or to arrange an inspection, please contact the Exclusive agents listed below.
- Brisbane - South East
