unit 1 / 41 Lensworth Street
Coopers Plains, QLD 4108

Overview

unit 1 / 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 excellent exposure to approximately 20,000 vehicles daily, making it ideal for businesses seeking high visibility.

The ground floor area of the unit is 134 square meters, with an additional council-approved mezzanine space of 70 square meters, although this mezzanine has not yet been constructed. The lease for this property commenced on the 2nd of October 2023, with a term of three years and an option for an additional three years.

The annual return on this investment is $53,000 plus GST. All outgoings are fully payable by the lessee, and the lease includes fixed annual reviews at 4%. A bank guarantee equivalent to three months' annual rent plus outgoings and GST, totaling $15,971.71, is required.

The tenant profile is a prestige vehicle sales business, which complements the property's features and location.

Key features of the property include concrete tilt panel construction, a container-height roller door, and a showroom retail-style design. The complex offers multiple entry points with crossovers on both Selhurst and Lensworth Streets, enhancing accessibility.

Please note that the mezzanine area is approved but has not been constructed yet.

Location