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IGA Marketplace Ascot, 27 Alexandra Road, ASCOT, QLD, 4007

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IGA Marketplace Ascot, 27 Alexandra Road, ASCOT, QLD, 4007

IGA Marketplace Ascot, 27 Alexandra Road, ASCOT, QLD, 4007

Properties / Sold / Queensland / Ascot
Tenanted Investment

1. Property Summary

Selling Method
Auction
Selling Details
Auction 19th April 2023
Land Area
1,821 m² (*approx)
Floor Area
974 m² (*approx)
Property Type
Retail
Sub-type
Strip Retail, Mixed Use
Terms
Brand new 20-year whole of land net lease, with the tenant responsible for all outgoings (excluding land tax)
Est. Income
$590,500 p/a
Show All

2. Property Highlights

Trophy Ascot Freestanding Supermarket Investment | 20 Year Net Lease

Michael Feltoe & Lachlan O'Keeffe are proud to present for sale IGA Marketplace Ascot - a once-in-a-generation freestanding trophy asset leased to a premium supermarket tenant on a new 20 year lease in Brisbane's 3rd most affluent suburb.

|What|

• A freestanding single tenanted supermarket leased to experienced supermarket operator's HG Retail

• Brand new 20-year whole of land net lease, with the tenant responsible for all outgoings (excluding land tax)

• Freestanding building with 974sqm of under roof area that underwent over $4 million in capital improvements in 2022, providing a state-of-the-art offering and significant depreciation benefits

• Net Income of $590,500 + GST p.a.

|Where|

• Prestigious 1,821sqm* site in the heart of the prized suburb of Ascot, just 5km* from the Brisbane CBD

• Ascot is Brisbane's 3rd most affluent suburb with a median house price of $2,300,000 and median per capita income 71%** greater than the QLD benchmark.

• Surrounded by significant traffic generating amenity including 4 of Brisbane's most prestigious schools within 1km along with the neighbouring Oriel Markets Centre

|Why|

• An ultra low-maintenance investment with the tenant responsible for day-to-day maintenance of the property

• Fixed 3% annual increases, guaranteeing base rent growth to over $815,000 in 2032 and growing

• IGA Marketplace is a proven premium supermarket brand with 5 locations across some of Brisbane's most affluent metropolitan suburbs including New Farm & St Lucia

• Providing absolute convenience with 24 onsite car parks together with a pedestrian crossing and bus stop directly out front of the site

*Approximate

**realestate.com.au

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

1. Property Summary

Property Type
Retail
Sub-type
Strip Retail, Mixed Use
Est. Income
$590,500 p/a
Terms
Brand new 20-year whole of land net lease, with the tenant responsible for all outgoings (excluding land tax)
Land Area
1,821 m² (*approx)
Floor Area
974 m² (*approx)
Selling Method
Auction
Auction Date
19 Apr 2023 09:45AM
Selling Details
Auction 19th April 2023

2. Property Highlights

Trophy Ascot Freestanding Supermarket Investment | 20 Year Net Lease

Michael Feltoe & Lachlan O'Keeffe are proud to present for sale IGA Marketplace Ascot - a once-in-a-generation freestanding trophy asset leased to a premium supermarket tenant on a new 20 year lease in Brisbane's 3rd most affluent suburb.

|What|

• A freestanding single tenanted supermarket leased to experienced supermarket operator's HG Retail

• Brand new 20-year whole of land net lease, with the tenant responsible for all outgoings (excluding land tax)

• Freestanding building with 974sqm of under roof area that underwent over $4 million in capital improvements in 2022, providing a state-of-the-art offering and significant depreciation benefits

• Net Income of $590,500 + GST p.a.

|Where|

• Prestigious 1,821sqm* site in the heart of the prized suburb of Ascot, just 5km* from the Brisbane CBD

• Ascot is Brisbane's 3rd most affluent suburb with a median house price of $2,300,000 and median per capita income 71%** greater than the QLD benchmark.

• Surrounded by significant traffic generating amenity including 4 of Brisbane's most prestigious schools within 1km along with the neighbouring Oriel Markets Centre

|Why|

• An ultra low-maintenance investment with the tenant responsible for day-to-day maintenance of the property

• Fixed 3% annual increases, guaranteeing base rent growth to over $815,000 in 2032 and growing

• IGA Marketplace is a proven premium supermarket brand with 5 locations across some of Brisbane's most affluent metropolitan suburbs including New Farm & St Lucia

• Providing absolute convenience with 24 onsite car parks together with a pedestrian crossing and bus stop directly out front of the site

*Approximate

**realestate.com.au

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

3. Property Location

IGA Marketplace Ascot, 27 Alexandra Road, ASCOT, QLD, 4007

Property Map
IGA Marketplace Ascot, 27 Alexandra Road, ASCOT, QLD, 4007 Ascot
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