Prime Investment Asset - Government Lease

161 Bazaar Street, Maryborough, Queensland 4650

Office For Sale

For Sale
Land Area: 1,997.00 m2.    Floor Area: 899.00 m2.    

Description

Colliers International are pleased to offer 161 Bazaar Street, Maryborough for sale via Offers to Purchase.

161 Bazaar Street is a rare opportunity to acquire a high quality commercial building in a healthy regional centre. The property is largely unaffected by the correction in mining activity and benefitting from the growth in public sector employment and is anchored by a State Government tenant.

With the Fraser Coast Region continuing to be a lifestyle destination for Queensland’s expanding population, it is foreseeable that demand for commercial office space in Maryborough will remain strong on account of its importance as a business and administrative centre.

Key features include:

- High yield guaranteed by QLD Government Dept.
- Current Net Rent $345,633* per annum
- Current term expires Dec 2022 with 2 x 3 year options
- 899m²* net lettable area
- 19 undercover secure car parks plus 2 open air spaces
- 1,997m²* prime freehold land parcel
- Located in the established commercial heart Maryborough
- Good quality low maintenance masonry construction

For further information, please contact the exclusive marketing agents at Colliers International.

*Approx

Features

  • Leased until late 2022 with options
  • Net rent $345,633* per annum
  • Rent reviewed to market in 2017

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