Albion, 299 Sandgate Road,
Albion, QLD 4010

Prominently located on the corner of Sandgate Road and Lever Street, 299 Sandgate Road Albion is 100% leased to long term tenants. It currently comprises two refurbished buildings with three tenants, though this will shortly reduce to just two tenancies, once a tenancy amalgamation is completed - one tenant in each building. Albion has a long established retail history dating back the mid 1860’s when the opposing Albion Hotel was initially constructed. Albion and the adjoining suburbs of Clayfield/Ascot/Hamilton boast some of Brisbane’s more expensive homes, along with several prestigious girls’ schools and race tracks.

299 Sandgate Road Albion offers:

• Income security with fresh long term leases (Anchor tenant - Pharmacy leased until 2036 inc options)
• An investment size and a NET return which far exceeds that of residential property or fixed interest – ideal for long term investment;
• Several exit strategies such as breaking the title into two smaller investments (STCA), future site amalgamation with adjoining owners;
• A central position in a long-established area with exposure to substantial vehicular and footpath traffic;
• Location within a recognised service & restaurant precinct;
• Modest current rent levels which allow for solid long term income growth;
• Substantial surrounding population growth already underway in the Albion Village precinct as several high density residential developments unfold such as The Hudson @Albion Mill (130 units first stage), 52 Crosby Road, 32 Agnes St and Eden on Crosby;
• Close proximity to the Albion Railway Station and the pedestrian traffic which it creates.

Colliers International is proud to have been chosen to offer 299 Sandgate Road Albion for sale.

For a copy of the leases, sales contract or further information, please contact the following agent: