124 Oxford Street

Bulimba QLD 4171

10 Year head-office lease to Grill'd, with the tenant responsible for all usual outgoings (excl. Land Tax)
Anchored by Grill'd since 2007 (17 years)
High profile building with 195sqm* of under roof area with both front and rear customer access
Net Income of $227,968* + GST p.a.

|Where|
Irreplaceable 339sqm* land parcel in the heart of the prized suburb of Bulimba, just 2.5km* from the Brisbane CBD
Highly desired positioning on Oxford Street, one of Brisbane's most tightly held retail precincts
Flanked by significant traffic generating amenity including a Woolworths Supermarket, Cinemas, Schools and one of the largest sporting clubs in Queensland
Bulimba is one of Brisbane's most affluent suburbs, with a median house price of $1.87 million^ and median per capita income 57%^^ greater than the Australian benchmark
Imminent population growth underpinned by the development of the Bulimba Barracks - delivering 850+ new dwellings for over 2,000 new residents

|Why|
Set & forget investment with a net lease and longstanding national tenant who is responsible for day to day maintenance of the property
Inflation resilient CPI + 1% annual rent increases
Grill'd is a proven national operator, having successfully cornered the upmarket burger chain market that is ideally suited to Bulimba's demographics
Bulimba is one of Grill'd's best performing Queensland stores, leading to them doubling the size of the store in 2017 & leasing the entire property
First time offered to market in over 30 years

The Auction will be conducted at Level 26,111 Eagle Street, Brisbane City, on Thursday 18 July 2024 at 9:45 am (AEST).

*Approximate
^realestate.com.au
^^IQCensus