JLL Metropolitan Retail Investments are proud to present to the market Freedom Fernvale, QLD for Sale via Auction.
The property is for sale by way of the JLL Metropolitan Retail Investments March Portfolio Auction. The Auction will be held on Thursday, 8 April at 6pm AEST at the Calile Hotel - 48 James Street, Fortitude Valley QLD.
The property has the following key characteristics:
- Brand new 5 year lease to Freedom Fuels
- Freedom Fuels- wholly owned by Fortune 500 company Indemitsu Kosan (mkt cap $822bn)
- Tenant pays all outgoings excluding land tax
- Fixed 3.00% annual rental increases
- High profile 8,093sqm* site with the potential for future development
- Substantially below market rent providing outstanding future upside through rental reversion
- Net rental of $173,493p.a. as at 31 March 2021