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High Profile Freehold Investment Leased to Westpac Bank

159 Morayfield Road, MORAYFIELD QLD, 4506

Sold

Property Sold in 159 Morayfield Road, MORAYFIELD QLD, 4506

Listing ID:
11378008
Status:
Sold
Price:
$2,800,000
Last Updated:
18/06/2020
Icon building

Property Type

Offices/Retail
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Land Area

1082 SQM
Icon size

Floor Area

352 SQM
Icon parking

Parking

16

High Profile Freehold Investment Leased to Westpac Bank

Ray White Commercial Northern Corridor Group are pleased to offer 159 Morayfield Road, Morayfield for sale

Westpac Bank have occupied this freehold landmark on one of the most sought after retail strips in South East Queensland for the last 20 years. With assured income via a renewed 5 year lease and a local population exploding, you can buy with the confidence that can only come from combining a premium tenant with an irreplaceable location.

Key features:

- Freehold 1,082m2 lot with 352m2* building
- $170,000* net per annum
- New 5 year lease with options to 2031
- Fixed 3% reviews
- Drive through ATM plus 16 on site car parks
- Adjoins Morayfield Shopping Centre (6.2 million annual visitors)
- ASX listed "Big 4" Bank Tenant

Please contact exclusive marketing agent Chris Massie for additional information or to arrange an inspection.

*approximate

For more details, please email agent


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