185 Toombul Road Northgate, QLD 4013

Ray White Commercial Queensland^ is pleased to present for sale 185 Toombul Road Northgate comprising a Brand new 7-Eleven Service Station (Lot 1) and Surplus Land for Future Development (Lot 2).

Lots are offered for sale together or separately.

Located 9.5kms* from the Brisbane CBD in the tightly held "Northern Corridor".

Lot 1 - BRAND NEW 7-ELEVEN SERVICE STATION

• Pre-committed by 7-Eleven on a 12-year initial lease term with 4 x 5 year options.
• Situated on a 2,337 sqm* site with main road access and 61m* of frontage.
• Excellent exposure with 37,600* passing vehicles per day.
• $340,000pa* commencing net income with fixed annual rent increases of 3%.
• Significant depreciation benefits.

Lot 2 - SURPLUS LAND / FUTURE DEVELOPMENT

• High profile 5,657 sqm* corner site with 118m* of frontage.
• Specialised Centre (Mixed Industry and Business) Zoning.
• 200m* from Northgate Train Station.
• Potential for long-term rezoning for readaptive future use.

For Sale via Expressions of Interest

Closing Thursday, 12 November 2020 4pm (AEST)

^In conjunction with Knight Frank

*Approximately