unit 8 / 41 Lensworth Street
Coopers Plains, QLD 4108

Overview

unit 8 / 41 Lensworth Street, COOPERS PLAINS QLD 4108

This property represents a brand new investment opportunity located within the recently completed CP Metro complex. It is strategically positioned on the corner of Selhurst and Lensworth Streets, providing high exposure to approximately 20,000 vehicles daily, making it an excellent location for business visibility and accessibility.

The ground floor area of the property measures 196 square meters, offering ample space suitable for industrial or warehouse use. The lease is set to commence on the 1st of January 2024, with an initial term of three years, plus an option for an additional three years, providing long-term security for investors.

The annual return on this investment is $62,720 plus GST, with all outgoings fully payable by the lessee. The lease includes fixed annual reviews of 4%, with market reviews applicable at the option period, ensuring a steady increase in rental income over time.

The tenant profile is established with SOS Tyres, backed by a bank guarantee equivalent to three months' gross rental plus GST, offering financial security and reliability. Investors can also benefit from major depreciation advantages associated with the property.

Constructed with concrete tilt panel construction, the building features a container high roller door and a showroom retail-style design, enhancing its functionality and aesthetic appeal. Multiple entry points into the complex are accessible from both Selhurst and Lensworth Street crossovers, facilitating ease of access for vehicles and clients.

Additionally, the property is neighboring a brand new 24/7 Caltex service station, further increasing the location's attractiveness and convenience for businesses operating in the area.

Location