Retail

6 Crosby Road, Albion QLD

6 Crosby Road Albion, QLD Australia 4010
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Building Area
Land Area

Property Description

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.

Investment Highlights

  • 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


Last Updated Date: 21 Aug 2020
Campbell Bowers
Senior Executive, Capital Markets
Jacob Swan
Jacob Swan
Head of Retail Investments - Australia

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+41445083302
Last Updated Date: 21 Aug 2020

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.