Brand New 5 Year Lease with 5 +5 Year Option – Quality Commercial Tenant

Tenancy C, 365 St Pauls Terrace, Fortitude Valley, Queensland 4006

Office For Sale

Expressions of Interest. EOI Date 5 Jun 2019
Floor Area: 506.00 m2.    

Description

Colliers International are pleased to offer a quality commercial investment opportunity as part of Brisbane's newest high-end residential development, The Coterie, for sale via Expressions of Interest closing Wednesday 5 June 2019 at 4pm.

The Coterie is a true modern-day sanctuary perfectly blended with an Iconic lifestyle residential and commercial units located in the heart of Fortitude Valley. Perfectly positioned between St Pauls Terrace and Alfred Street, The Coterie is a prestigious collaboration from award winning design teams at Rothelowman and Bruce Henderson Architects with 2 towers consisting of one to three bedroom apartments, penthouses and ground floor commercial units due for completion November 2019*.

Tenancy C contains three levels of The Coterie and has recently been leased to a coworking space operator on a brand new 5 year lease with 5 + 5 year option.

Key features include:
• Quality commercial investment in the heart of Fortitude Valley
• Coworking space operator
• Brand new 5 year lease with 5 + 5 year option
• Base income of $230,000*
• 4% fixed rental increase annually
• Director's guarantee
• Tenancy net lettable area of 506m²* over 3 levels
• 2 carparks (license agreement)
• Brand new construction with depreciation benefits
• Great location in Fortitude Valley, 1.5km* from the CBD, Close to transport.

This unique once in a lifetime investment opportunity is exclusively presented to the market for sale via Expressions of Interest closing Wednesday 5 June 2019 at 4pm.

Please contact the exclusive marketing agents at Colliers International for any further details.

*Approximately

Features

  • Located in the heart of Fortitude Valley
  • Coworking space operator
  • 4% fixed rental increase annually
  • Director's guarantee
  • 2 carparks (license agreement)

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