27 Brighton Road Sandgate, QLD 4017

Ray White Retail and Commercial East Coast Investments are proud to present 27 Brighton Road, Sandgate QLD. For sale $5,500,000 (6%)

|What|
• 974sqm* fully leased Brisbane retail centre in the bayside suburb of Sandgate
• 85% of base rent underpinned by global tenants including Anytime Fitness and Studio Pilates
• Passive 2.65 Year WALE with the majority of usual outgoings recovered
• A proven tenancy mix, with five of the six tenants in occupation for more than 5 years and some dating back to 2018
• Fully Leased Net Income of $332,292 + GST p.a.

|Where|
• 786sqm* main road landholding with prominent frontage to Brighton Road, one of the primary retail strips in Sandgate, 17km* north of the Brisbane CBD
• Positioned in the commercial heart of the Sandgate peninsula, which takes in Sandgate, Shorncliffe and Brighton and is home to approximately 16,500 residents
• Direct connectivity via the Shorncliffe rail line into Brisbane CBD, with the Gateway Motorway and Sandgate Road linking the peninsula to the wider Brisbane network
• South East Queensland is forecast to grow by more than one million people by 2046, driving sustained demand for well located retail assets

|Why|
• DC1 District Centre zoning presently enabling development of up to 4 storeys, with Brisbane City Council's Sandgate Centre Suburban Renewal Precinct proposing an increase to 8 storeys at the site, subject to formal adoption
• Rental uplift potential across the board, with base rents presently averaging just $353/sqm*
• Benefiting from a first class refurbishment through 2017-18 that transformed the asset into the busy multi-tenanted centre it is today

* Approximately