791 Old Cleveland Road

Carina QLD 4152

Exceptional Investment Opportunity - Unique Carina Offering

An opportunity like this doesn't come along very often... positioned on the prominent Old Cleveland Road in the Carina Gateway precinct, these mixed use properties will be a major draw card. On offer are four professional, fully occupied tenancies that benefit from excellent street access and great signage exposure for each individual tenancy. Rare, dual street access across the three lots bid future potential to redevelop making this a standout in this thriving area.

This asset is a fantastic opportunity to acquire a functional multi-tenanted property in a popular commercial hub with significant future development upside (subject to council approval) and rental prospects.

Property features:
- 1,632m2* of land over 3 titles (rectangular block with 2 street access)
- Lifeline Store - 153m2* dwelling. Long term tenancy in place, leased to 03/2021 with 3 year option and 3% rent increase/annum.
- Restaurant - 170m2* dwelling. Long term tenancy in place, leased to 05/2022 with 3+3+3 option and 3% increase on each option. Also has a 30m2* free standing shed.
- Lifeline Store & Restaurant positioned on 810m2 block.
- 10 Osterley Rd - 410m2 block - Can be vacant possession or option to enter tenancy agreement.
- 12 Osterley Rd - 412m2 block - Can be vacant possession or option to enter tenancy agreement.

For further details on strata fees, rates, body corporate and utilities, please contact agent.