Argus Commercial Sam Higgins is marketing for sale a modern office & warehouse unit at Brisbane Airport and the auction reserve has been set at 8% net. 

Sam Higgins told WILLIAMS MEDIA “The investment is a new 4 + 4 + 4 year lease that has just commenced and the global tenant has occupied the same address for the past 14 years,” he said.

‘Returning $70,840 per annum the Tenant also pays 100% of the outgoings’, said Sam Higgins.

At a Glance:

• USA Listed Global Tenant 
• Reserve Set at 8% Net
• New 4 + 4 + 4 year lease
• Annual increases of 4%
• Bond Equivalent to 12 Months Rent
• Prime location 5 minutes from the Brisbane Airport Terminals
• Situated near the free airport shuttle bus route
• Nearby the train station
• Close to shops, hotels, child care, DFO

Many investors are looking for security and the ability of the Tenant to pay over an extended period. With this lease, the Tenant has provided 1 year’s rent as the security for the bond. We typically don’t see this level of security for a lease. 

The property is located just 5 minutes from the new Brisbane Airport Terminal runway and it is a 3 minute drive to the under construction, 50Ha Auto Mall and Car Test Track which are scheduled for delivery in 2024. 

For Sale By Auction Tuesday the 23rd March, 2021 at 11am in the rooms of HLB Mann Judd Advisors and Accountants and Argus Commercial, level 15, 66 Eagle Street, Brisbane Qld 4000. 

Mr Higgins said, "The Reserve Price of $885,500 at 8% Net Return is being publicly advertised. Not only is the net return breathtakingly good there is in place a new lease term of 4 + 4 + 4 years and cash bond of over 12 months rent held as lease security."

Argus Commercial is proud to offer this superbly attractive Brisbane Airport investment to the market.

To request a copy of the Information Memorandum please phone or email the marketing agent Sam Higgins of Argus Commercial via the contact form below. 

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