Land-Rich Asset Leased to Global Tenant with Embedded Upside

Lot 1 / 209 Leitchs Road, Brendale represents an exceptional opportunity to acquire a freehold, corporate quality, industrial investment underpinned by international covenant Rentokil, a market-leading occupier with over 100 years of operating history across 90 countries. Located within one of Brisbane’s most tightly held industrial precincts, the property is positioned on a larger and under-utilised General Industry zoned corner allotment representing a low 43% site coverage, allowing for future building expansion or value add potential (STCA).

Investment Highlights:

■ Corporate Freestanding office & warehouse providing 1,600sqm* GFA
■ Positioned on a prominently located 3,754sqm* General Industry zone site
■ Low 43% site coverage providing future expansion or value-add potential (STCA)
■ Leased to internationally based Rentokil – market leader in pest control
■ Returning $336,640 per annum net exclusive of outgoings & GST
■ 6 Year WALE with 2 x 5 year options
■ 100% net lease structure with all outgoings recoverable, including land tax and management fees
■ Fixed income growth of Greater of CPI or 3.5% annually
■ Bank Guarantee of 4 months gross rent + GST

For Sale via Expressions of Interest closing Thursday, 19th of March at 4PM (AEST).

For further information or to arrange an inspection, please contact the Exclusive Agents at Modus Property Group.

*Approx