unit 5 / 41 Lensworth Street
Coopers Plains, QLD 4108

Overview

unit 5 / 41 Lensworth Street, COOPERS PLAINS QLD 4108

This brand new investment opportunity is located at Unit 5, 41 Lensworth Street, Coopers Plains, Queensland. The property is part of a new development positioned directly on the corner of Selhurst and Lensworth Streets, offering high exposure to approximately 20,000 vehicles daily, making it an excellent location for commercial activities.

The ground floor area of the unit is approximately 100 square meters, with a council-approved mezzanine of 50 square meters that has not yet been constructed. The property is leased with a lease commencement date of 20 October 2023, for a term of three years, with an option for one additional three-year term.

The annual return on this investment is $42,500 plus GST, with outgoings fully payable by the lessee. The lease includes fixed annual reviews at 4%. The tenant is JY Seafood Importing and Exporting Pty Ltd, a food delivery business, providing a stable tenant profile.

A bank guarantee equivalent to three months' annual rent plus outgoings and GST, totaling $12,749, is payable by the tenant at the commencement of the lease, ensuring financial security for the landlord.

Key features of the property include concrete tilt panel construction, a 7-meter internal warehouse height, a container-high roller door, and a showroom warehouse retail-style design. The complex offers multiple entry points from both Selhurst Street and Lensworth Street, enhancing accessibility.

This property is currently under offer and represents a solid commercial investment opportunity in a high-traffic location with a reputable tenant and secure lease terms.

Location