Brisbane’s Best Value Add or Owner Occupier Commercial Property

28-38 Old Cleveland Road, Greenslopes, Queensland 4120

Office For Sale

Private Treaty
Land Area: 1,977.00 m2.    Floor Area: 2,400.00 m2.    

Description

Colliers International, on behalf of the Vendor, are pleased to present 28-38 Old Cleveland Road, Greenslopes for sale.

28-38 Old Cleveland Road, Greenslopes presents a rare opportunity to secure a significant ‘value add’ commercial office building at this vital stage of a market in its upswing phase. The property is improved with a high quality commercial building built over a secure basement on a significant land parcel next to the Buranda Busway Station.

28-38 Old Cleveland Road provides both the lower scale and parking rich office environment favoured by tenants along with the urban amenity provided by the Stones Corner village. The property is home to five commercial tenants and one residential tenant with the largest one being the Australian Institute of Applied Sciences, a subsidiary of the multinational Study Group, whose lease runs out to January 2020.

28-38 Old Cleveland Road will suit opportunistic investors, value add developers, medical groups and other businesses looking for an office building to refurbish and occupy.

The properties features are summarised as follows:

• 1,977m²* land holding over 2 lots
• 2,400m²* of fitted out building area
• 38 car spaces plus motorcycle and bike parking in a secured basement and off street layout
• Lift access from basement to all commercial floors
• $614,500* net holding income from 5 commercial tenants and one residential tenants
• Major tenant expires in January 2020 (AIAS lease)
• 40m* frontage to the Old Cleveland Road retail strip
• Local Neighbourhood Plan allows 6 level development
• Scope to occupy or re-tenant, re-position, redevelop

For further information or to arrange an inspection please contact the exclusive marketing agents at Colliers International..

*Approx.

Features

  • 1,977m²* land holding over 2 lots
  • $614,500* net holding income
  • 2,400m²* of fitted out building area

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