1 & 2 Loridan Drive
Brinsmead, QLD 4870

Overview

National Long Term Tenant - High Demand Location

Located in the vibrant area of Brinsmead, this commercial property offers a unique opportunity for investors looking to secure a stable income in a highly sought-after location. The property is conveniently situated just 9 kilometers from the city center, making it easily accessible for both tenants and customers.

The complex consists of five lots, with established tenants including a convenience store, takeaway, and veterinary clinic, ensuring a diverse range of services in the vicinity. The total floor area for Lots 1 and 2 is 121 square meters, providing ample space for various business operations.

Currently, the property is leased to Liquorland, a national tenant under the Coles group, who has maintained a presence at this location for over 20 years. This long-term tenancy adds a layer of security for potential investors.

The property features a solid rendered block construction with a tiled roof, ensuring durability and low maintenance. The current rental income is approximately $42,557.24 plus GST per annum, with a scheduled increase to $45,557.29 per annum starting from June 12, 2026. The lease includes four options of five years each, with the first option already exercised, providing further assurance of continued tenancy.

Outgoings for the property are reasonable, with contributions for Lot 1 amounting to $3,221.02 for the admin fund (paid by the tenant) and $905.92 for the sinking fund (paid by the owner). Lot 2 incurs contributions of $4,691.46 for the admin fund (paid by the tenant) and $1,319.46 for the sinking fund (paid by the owner). Council rates are approximately $914.85 for Lot 1 and $1,167.68 for Lot 2, both paid by the tenant. Water expenses are also covered by the tenant.

This property not only offers a stable income stream but also boasts a strategic location in a high-demand residential area. It is an excellent opportunity for both seasoned investors and those looking to diversify their portfolios. Don't miss out on this rare chance to invest in a property that is seldom available in such a prime location.

For more information or to express your interest, please contact the office today.

Location