JLL, in conjunction with morrison Project Consulting, are pleased to present Albion Central to the market.
Undoubtedly one of the most outstanding convenience retail centres in Brisbane’s affluent inner North. The property occupies a corner position fronting the Albion Fiveways with prime exposure to over 80,000 passing cars per day. The centre caters to a high profile demographic and has a tenancy mix to suit- all are on brand new 10-year leases with fixed annual rent reviews of 3.50% or higher.
Albion Central is being offered for sale via Expressions of Interest closing Thursday 17 September 2020 at 4pm.
- Fully leased to seven best-in-class retail operators all on 10 year leases
- Outstanding tenancy mix including grocery, bottle shop & medical
- Strong annual income growth of 3.50% or higher for all tenants
- Tenants pay all outgoings (excl. land tax)
- 2,635sqm site fronting the Albion Fiveways, with exposure to over 80,000 cars per day
- Brand new build offering immediate first year depreciation benefits
- Strategic location within one of Brisbane’s most affluent demographics in close proximity to Ascot, Hamilton and Clayfield only 4km* from the Brisbane CBD
- Net income of $680,051p.a. as at 1 August 2020