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56 Coonan Street, Indooroopilly, Qld 4068

56 Coonan Street, Indooroopilly, Qld 4068

Offices Retail Medical/Consulting

  • Sold Contact Agent
  • Thu 26-Sep-19

CORE MEDICAL INVESTMENT WITH STRONG CASHFLOW BOASTING 6.6 YEAR WALE

  • Core Medical Investment
  • Fortune 500 tenant
  • 6.6 year WALE fully leased

  • Land Area
  • 1722.00 m² (approx)
  • Floor Area
  • 1,629 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Nov 13, 2019
  • Car Spaces
  • 58
  • Parking Comments
  • Secured undercover
  • Zoning
  • Mixed Use (Centre Frame) Zone

Interested in this property? Contact an Agent today

CBRE - Brisbane

Waterfront Place Level 3, 1 Eagle Street

Brisbane City Qld 4000

Matthew Barakat, CBRE - Brisbane
Matthew Barakat
Jonathan O'Brien

CORE MEDICAL INVESTMENT WITH STRONG CASHFLOW BOASTING 6.6 YEAR WALE

• 100% occupancy backed by strong covenants including the ASX listed company Healthia Limited (Allsports Physiotherapy) and Emerson Electronic and Co (#178 Fortune 500)
• 6.6 year WALE cashflow of $630,744 net per annum (as of 21 September, 2018)
• Strong car park ratio of 1:28sqm
• Exposed corner asset with over 55m frontage along Coonan Street
• 12 storey development upside (STCA*)
• 5km** from Brisbane’s CBD & surrounded by a tightly held Medical and Commercial hub

*subject to council approval
**approximate

56 Coonan Street, Indooroopilly, Qld 4068

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