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44 Flinders Parade, North Lakes, QLD, 4509

Properties / Buy / Queensland / North Lakes

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Please contact agents

Land Area

4,591 m² (*approx)

Floor Area

2411 m² (*approx)

Property Type

Industrial, Retail, Other

Terms

Leased until 2033 + options until 2048

Est. Income

$502,925 p/a

Fully Leased

World Gym

Car Spaces

121

Show All

2. Property Highlights

For Sale - 44 Flinders Parade, North Lakes

Leased to World Gym
10 year lease until 2033
Net Annual Rent: $502,925pa

Cushman & Wakefield National Investment Sales are delighted to present 44 Flinders Parade, North Lakes to the market for sale via Expressions of Interest closing at 4pm on Wednesday the 2nd of October 2024.

The asset offers the following key attributes:

- Leased to World Gym

- Internationally recognised tenant operating globally since 1960

- Leased until 2033 + options until 2048

- Annual increases the greater of 3.0% or CPI

- Recently constructed improvements with dual street frontage and excellent exposure

- 4,591m² total site area

- 2,411m² total net lettable area

- 121 onsite car parks

- Located alongside several national tenants such as Bunnings, Officeworks, Petbarn, Repco, Drakes IGA and McDonalds and a Westfield Shopping Centre

- Located in the heart of North Lakes, an economic hub on Brisbane’s Northside

Net Annual Rent: $502,925pa

For further information, to arrange an inspection or to access the due diligence data room, please contact Daniel Cullinane, Evi Meka, Mitch Taulelei or Morgan Ruig of Cushman & Wakefield.

*Approx

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