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Rocklea Westpac investment you can bank on

INVESTORS have an exceptional opportunity to snap up a commercial investment that is currently leased to Westpac as 6/1311 Ipswich Road in Rocklea heads to auction.

The property, that comes with 546sq m* of building area, is leased until 2021 with ASX-listed Westpac, before Organicann PTY LTD takes over until 2026, with two five-year options after.

The asset is being marketed and sold by the award-winning Ray White Commercial Gold Coast team of Jared Johnson and Lachlan Marshall.

“The property is an investor’s dream – not only is it currently leased to an ASX-listed client – but it also comes with a brand-new lease lined up from 2021 onwards,” Mr Johnson said.

“The new lease, which runs to 2026 and has two five-year options, will provide $175,000 p.a. plus GST and all outgoings and also comes with a personal guarantee and a six-month bond.”

“It’s 10km* south of Brisbane CBD and takes advantage of exposure to high volumes of vehicle traffic along Ipswich Road and surrounding national and international retailers,” Mr Marshall said.

“The property includes 17 exclusive-use car parks, attractive annual increases, full building signage rights, modern-high quality premises, and an impressive server room.

The auction will take place on Thursday 20 August 2020 at Gold Coast Turf Club at 11:00am.

*Approximately.

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