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2101/20-24 Commerce Drive Browns Plains, QLD 4118

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2101/20-24 Commerce Drive,
Browns Plains, QLD 4118

Shops & Retail • Offices • Showrooms & Large Format Retail

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$1,350,000 = 8.66% Yield

  • National Tenant
  • Revenue > $15M pa
  • New 3 year lease
This offering provides the opportunity to invest in a secure education investment property leased to Kirana Colleges - one of Australia's fastest growing Registered Training Organisations.

The education sector is becoming a major driver of tenant demand in Brisbane and is being heralded as the country's next mining boom (Australian Financial Review, 2017).

Highlights of the Property include:
• A national tenant covenant, Kirana Colleges has a revenue over $15,000,000 pa
• New 3 year net lease to 2021 + options to 2027
• Strong income growth with fixed 4% annual increases
• Tenant pays outgoings including management fees (excluding land tax)
• Sale includes the new 2018 fit out with significant depreciation benefits
• Secure monthly income stream underpinned by 3 month security bond
• Net income of $117,000* + GST pa


As the exclusive marketing agents, we look forward to assisting you with your enquiries.

*Approximately

Property ID: 502816034Last Updated: 30 Aug 2023

04503042...
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2101/20-24 Commerce Drive
Browns Plains, QLD 4118
RWC Retail
level 26/111 Eagle Street
BRISBANE CITY, QLD 4000

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