Queensland Sothebys International Realty is delighted to exclusively offer for sale by Expression of Interest this exceptionally fully-leased investment opportunity encompassing the left side ground floor of the Ivory Residential Apartments.

Located within Upper Mount Gravatt, Ivory is a boutique residential apartment development of 64 units, each of which aims to encapsulate the lifestyle of Upper Mount Gravatt. Upper Mount Gravatt has been described as a mini-CBD suburb of Brisbane featuring premium real estate. This thriving suburb offers you virtually everything you need to enjoy life to the fullest - extremely accessible and supremely self-contained. The Ivory Residential Apartments take centre stage, right at its heart.

Fully leased retail asset with an estimated net passing income of $89,700p.a. Inbuilt rental growth provided via the fixed 3-4% reviews for both retail tenants Situated within the immensely popular Upper Mount Gravatt catchment Strategically located only 16km south of Brisbane's CBD With Coles and Upper Mt Gravatt Shopping Centre right at your doorstep Building area: 162 sqm Five (5) on title carparks (1) Motorcycle Parking Bay Grease trap installed
Tenancy Details:

Commercial shop 1 at 1/12 Sanders Street, Upper Mount Gravatt Size: 100 sqm internal + 13 sqm balcony (approximately)
Lessee: MM Beauty Pty Ltd
Lease Term: 5 years
Rent: $60,000 + GST+ 3% CPI increase pa (approximately)

Commercial shop 2 at A/12 Sanders Street, Upper Mount Gravatt Size: 54 sqm
Lessee: Sherry's shop
Lease Term: 5 years
Rent: $29,700 + GST + outgoings + 4% CPI increase pa (approximately)