Midas have the golden touch with five-year Coorparoo lease

MIDAS has secured a five-year lease with an option at a 534sq. m site at 2/68 Harries Road in Coorparoo.

The franchise, which is one of 88 Midas’ Australia-wide, has moved to the site after being on Logan Road for a number of years.

Aaron Aleckson and Sam Parker of Ray White Commercial Queensland struck the deal for land owner QM Properties, one of the largest and most successful privately-owned property development companies in Queensland.

In the move, Midas will pay $95,000 p.a. including outgoings.

Mr Aleckson said the site was bolstered by its proximity to Coorparoo Square on the corner of Harries Road and Old Cleveland Road, providing access to Woolworths, café’s, child care, gyms, a chemist and more.

“We were appointed to lease the property with co-agent Cushman and Wakefield after a long-term tenant of the site moved on to a larger facility in June,” he said.

“The interest to lease the site had been steady with multiple groups inspecting. Luckily enough for those who missed out on unit two, a further 922sq. m at unit three is still available to lease.”

Mr Parker said it was a concerted effort to find a local business that suited the needs of what the premises had to offer.

“Once appointed in June, we made an effort to contact local businesses who we thought would be a fit for the property at Harries Road,” he said.

“Midas Woolloongabba were drawn to the property because they wanted to take advantage of the enormous growth potential of Coorparoo and surrounding suburbs.

“Due to the competitive rental, Midas were quick to secure the site and it’s predicted that the balance of the facility will be snapped up soon.”