99 George Street, Beenleigh
Ray White as exclusive agent is pleased to offer for sale the freehold interest in 99 George Street, Beenleigh QLD…
The subject property is a large single level building boasting 50 underground basement car parks.
The property is situated on 2,026m²* of corner positioned land in Nerang and is surrounded by various government tenants.
The subject property was originally purpose built for the existing long term Australian government tenant Centrelink, and consists a lettable area of 1,401m²*.
Centrelink has occupied the premises since 1991. In December 2012 Centrelink entered into a new lease on a 4 + 3 + 3 year lease term.
The current nett income is $652,192pa*.
| Sales Analysis* | |
| Land Area: | 2,026m²* |
| Sale Date: | 7th March 2014 |
| Enquiries: | 29 |
| Offers Received: | 4 |
| Sale Process* | |
| Process: | Offers to Purchase |
| Marketing Time Frame: | 6 weeks |
| Marketing Budget: | $30,192.00 |
| Yield: | 9.25% |
| Sale Price: | $7,050,000 |
*approx
Ray White as exclusive agent is pleased to offer for sale the freehold interest in 99 George Street, Beenleigh QLD…
What an opportunity! You’d better act fast to secure this property in the tightly held commercial precinct of Currumbin. *…