The Mercedes-Benz & Mazda Toowong is a remarkable opportunity to acquire an iconic property close to Brisbane’s CBD.
- Outstanding prestige Mercedes-Benz and Mazda dealerships situated on a significant 11,500sqm* site, 5km* from Brisbane’s CBD and 100m* from Taringa train station
- Attractive income security with 100 percent of income derived from a 10 year lease with 4 percent fixed annual reviews and 2 x 5 year options to Autosports Group, one of Australia’s largest privately owned automotive businesses
- Major tenant led investment through the recent development of an AMG Performance Centre, underpinning tenant commitment over the long term
- 200m* of direct frontage to Moggill Road, the main road thoroughfare linking the affluent and densely populated western suburbs of Brisbane to the CBD
- Zoned DC2 District Centre under the Brisbane City Council City Plan 2014, providing for future redevelopment potential (STCA)
- Estimated net income (fully leased) of $2,210,000p.a.* as at 1 December 2016
Director, Retail Investments, JLL.