Positioned in the impressive Ivory apartment complex, this boutique retail outlet being offered to the market encompasses the left side of the ground floor offering easy accessibility.

Divided into two tenancies, the fully leased retail asset has a combined area of about 162 square metres and an estimated passing income of $89,700 with inbuilt rental growth provided via fixed 3-4% reviews for both tenants. 

Shop 1 is leased to MM Beauty while shop 2 is occupied by Sherry’s Shop with both tenancies on five-year-lease terms. There are five basement car parks on title of which four are leased to Ebenezer Legal at $2,880 per annum.

The Ivory complex itself consists of 64 units with the concept of the development aimed at capturing the local lifestyle ambience.

Sothebys’ selling agent, Malcolm Li said Upper Mount Gravatt has been described as a mini-CBD suburb of Brisbane featuring premium real estate and exceptional lifestyle amenities.

“Upper Mount Gravatt has experienced rising rentals with 2,900 new residents each year making this suburb in high demand with 15,600 businesses employing 59,000 workers in the area alone.

“It is a great location with the vibrant shopping village close by and the major shopping centre within a two-minute walk. The busway station is also nearby while the asset is just 10 minutes drive to Queen Elizabeth II Jubilee Hospital and the Sunnybank Private Hospital.

“The suburb is also just 15 minutes from Brisbane’s CBD and 40 minutes from the popular Gold Coast and within 15 minutes to Griffith University and 20 minutes from the Brisbane International Airport.

“Further adding to the appeal of this suburb, Upper Mount Gravatt is also home to the Hibiscus Sporting Complex and Macgregor Nissan Arena,” Mr Li said.

Found at lot 100/12 Sanders Street, Upper Mount Gravatt, Queensland, the property is for sale through Queensland Sotheby's International Realty’s Malcolm Li via an Expression of Interest campaign.

For more information contact the agent Malcolm Li via the contact form below.

To download and view the Information Memorandum click here.