For Sale by Expressions of Interest, Closing Wednesday, 12:00pm 28th of August 2024
Fully Tenanted investment with long-established tenants will be sold. The building is in a highly visible location on busy Wishart Road. The property is strategically located in an area that is affluent and well established, but still growing. Much of the growth in the area is due to it's easy access to Brisbane CBD approximately 14.2*km away. Demand for the area has meant ongoing growth due to increased densification. This strong residential growth may lead to future upside with the property due to it's prime location.
224 Wishart Road is for sale with the flexibility to purchase the property only, the property and the business, or the business only.
The property is fully leased and has eight tenancies; all have annual reviews at CPI. Seven of the tenancies are on the Wishart Road level with parking for 15 at the front of the building. Side driveway access takes you to the lower ground level where Pet City is located, along with 45 additional car parks.
This is a unique opportunity to secure a fully tenanted investment property with the option to purchase the Pet City business as well.
For more information on this unique opportunity, please contact Grant Turner (0457 766 812) or Julie Ryan ( 0447 445 453) to receive a copy of the Information Memorandum and access to the Data Room.
*Approx.
Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by ZMA Commercial Pty Ltd trading as Ray White Commercial CSR toward the recipient with regard to the use of this information and all information given is given without responsibility.
The size of Wishart is approximately 4.3 square kilometres. There are 14 parks, covering nearly 17.2% of the total area. The population of Wishart in 2016 was 10700 people. By 2021 the population was 11333 showing a population growth of 5.9% in the area during that time. The predominant age group in Wishart is 10-19 years. Households in Wishart are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wishart work in a professional occupation.In 2021, 71.30% of the homes in Wishart were owner-occupied compared with 74.60% in 2016.
Wishart has 3,921 properties. Over the last 5 years, Houses in Wishart have seen a 79.10% increase in median value, while Units have seen a 110.31% increase. As at 30 June 2026:
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