Industry Beans, 18 Proe Street,
Newstead, QLD 4006
Shops & Retail • Warehouse, Factory & Industrial • Hotel, Motel & Leisure
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Industry Beans, 18 Proe Street
Newstead, QLD 4006
Map of Industry Beans, 18 Proe Street
Blue-Chip Inner City Freehold Investment
- Secure 10 Year Lease to 2028
- Fixed 3.5% annual rent increases
- 1.2km from Brisbane CBD
+ Long term 10 year lease to 2028 plus option to 2033
+ Annual, fixed, compounding 3.5% rent increases
+ Tenant pays all usual outgoings excluding land tax
+ Industry Bean: iconic coffee wholesaler/retailer and café network with 6 key metro sites in Melbourne, Sydney & Brisbane
+ Irreplaceable 603 sqm landholding with significant development upside (STCA)
+ Impressive 641 sqm building including mezzanine level with recent innovative capital-intensive tenant fit out – circa $2.5million
+ Strategic location in the heart of Newstead (Brisbane’s thriving inner city), ideally positioned between the popular Gasworks Shopping Centre servicing 2,267 workers and over 9,300 residents and the iconic James Street Retail Precinct (Fortitude Valley)
+ James Street retail features a diverse mix of over 110 specialty stores, located one kilometre from Brisbane’s CBD, evolving into one of Australia’s leading retail, fashion and lifestyle districts
+ Newstead/Teneriffe: One of the fastest growing regions within Brisbane with an estimated 55% of the working population under 35 years of age**
+ Estimated Net Rent: $210,163 pa
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
+ Annual, fixed, compounding 3.5% rent increases
+ Tenant pays all usual outgoings excluding land tax
+ Industry Bean: iconic coffee wholesaler/retailer and café network with 6 key metro sites in Melbourne, Sydney & Brisbane
+ Irreplaceable 603 sqm landholding with significant development upside (STCA)
+ Impressive 641 sqm building including mezzanine level with recent innovative capital-intensive tenant fit out – circa $2.5million
+ Strategic location in the heart of Newstead (Brisbane’s thriving inner city), ideally positioned between the popular Gasworks Shopping Centre servicing 2,267 workers and over 9,300 residents and the iconic James Street Retail Precinct (Fortitude Valley)
+ James Street retail features a diverse mix of over 110 specialty stores, located one kilometre from Brisbane’s CBD, evolving into one of Australia’s leading retail, fashion and lifestyle districts
+ Newstead/Teneriffe: One of the fastest growing regions within Brisbane with an estimated 55% of the working population under 35 years of age**
+ Estimated Net Rent: $210,163 pa
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
Property ID: 503772250Last Updated: 1 Jun 2021
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Burgess Rawson - BrisbaneLevel 13, 241 Adelaide Street
BRISBANE CITY, QLD 4000
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Transact Property Group - MooloolabaLevel 3, 41 First Avenue
MAROOCHYDORE, QLD 4558
MAROOCHYDORE, QLD 4558
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