overview

  • 1P16799
  • Retail
  • For Sale
  • 2342 sqm

Description

Tenanted Investment Opportunity
On behalf of the vendors, McGees Property is pleased to exclusively offer 36 Old Cleveland Road, Capalaba to market.

Being offered to market for the first time in over 20 years, 36 Old Cleveland Road represents an ideal opportunity for passive investors/developers.
The large freehold site is a 6,242m²* site located on Old Cleveland Road outbound from the CBD. The property encompasses two buildings with a NLA of circa 2,342m²* and on grade parking for approximately 90 cars. Representing an excellent passive investment with multiple tenants, the property also provides an outstanding future development site suitable for multilevel mixed use development.

o Freehold asset in a prime location
o Strong income with multiple tenants over 2 buildings
o Large Land Holding 6,242m2 with future development potential
o The property is 90% leased to multiple tenants over the 2 buildings

This significant landholding offers a number of significant value adding options over the medium to long term, via repositioning of the asset to enhance the net rental return, or as a higher density mixed use development.

For Sale by Expressions of Interest.

For further details please contact the Exclusive Agents Nina Brailey and Gavin Moore at McGees Property.

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