2 Wills Street
North Lakes, QLD 4509

Overview

Multi-Tenanted Freehold Asset with Diversified Income - Occupy or Invest!

Situated on the prominent corner of Flinders Parade and Wills Street, this commercial property offers a substantial mixed-use building with excellent exposure. The site occupies a generous corner position of approximately 1,252 square meters, featuring a mixed-use building of about 777 square meters. This freehold asset is fully leased, generating a net annual income of $220,793.88 across four separate tenancies, providing a diversified income stream.

This property presents a unique opportunity for both owner-occupiers and investors to acquire a well-located asset within one of Brisbane's most sought-after commercial precincts in the northern region.

Key Features:

• Mixed-use building of approximately 777 square meters situated on a 1,252 square meter corner site.
• Fully leased with a net annual income of $220,793.88 from four tenancies.
• Unit 1 and 2 combined offer 509 square meters of office, warehouse, and showroom space, complemented by an additional 67 square meters mezzanine level.
• Units 3 and 4 each provide 110 square meters of first-floor office space.
• Full drive-through access is available through Units 1 and 2, accessible from both Flinders Parade and Wills Street.
• Lift access to the first floor enhances accessibility.
• Fourteen dedicated car parking spaces are included.
• Income is diversified across three tenants, reducing risk.
• There is a short lease-tail on Units 1 and 2, offering the potential to renegotiate leases or occupy the premises.

This property is offered via an 'Offers to Purchase' process, with submissions closing on May 21st at 4pm. Interested parties are encouraged to obtain the Information Memorandum and arrange inspections through the listed agents.

Please note that while every effort has been made to ensure the accuracy of the information provided, no warranty is given by the vendor or agent. Prospective buyers should conduct their own due diligence.

Location