Industry Beans, 18 Proe Street,
Newstead, QLD 4006
Shops & Retail • Warehouse, Factory & Industrial • Hotel, Motel & Leisure
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Transact Property Group - Mooloolaba
Suite 604, Level 6, 8 Market LaneMAROOCHYDORE, QLD 4558
Industry Beans, 18 Proe Street
Newstead, QLD 4006
Map of Industry Beans, 18 Proe Street
Blue-Chip Inner City Freehold Investment
- Secure 10 Year Lease to 2028
- Fixed 3.5% annual rent increases
- 1.2km from Brisbane CBD
+ Long term 10 year lease to 2028 plus option to 2033
+ Annual, fixed, compounding 3.5% rent increases
+ Tenant pays all usual outgoings excluding land tax
+ Industry Bean: iconic coffee wholesaler/retailer and café network with 6 key metro sites in Melbourne, Sydney & Brisbane
+ Irreplaceable 603 sqm landholding with significant development upside (STCA)
+ Impressive 641 sqm building including mezzanine level with recent innovative capital-intensive tenant fit out – circa $2.5million
+ Strategic location in the heart of Newstead (Brisbane’s thriving inner city), ideally positioned between the popular Gasworks Shopping Centre servicing 2,267 workers and over 9,300 residents and the iconic James Street Retail Precinct (Fortitude Valley)
+ James Street retail features a diverse mix of over 110 specialty stores, located one kilometre from Brisbane’s CBD, evolving into one of Australia’s leading retail, fashion and lifestyle districts
+ Newstead/Teneriffe: One of the fastest growing regions within Brisbane with an estimated 55% of the working population under 35 years of age**
+ Estimated Net Rent: $210,163 pa
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
+ Annual, fixed, compounding 3.5% rent increases
+ Tenant pays all usual outgoings excluding land tax
+ Industry Bean: iconic coffee wholesaler/retailer and café network with 6 key metro sites in Melbourne, Sydney & Brisbane
+ Irreplaceable 603 sqm landholding with significant development upside (STCA)
+ Impressive 641 sqm building including mezzanine level with recent innovative capital-intensive tenant fit out – circa $2.5million
+ Strategic location in the heart of Newstead (Brisbane’s thriving inner city), ideally positioned between the popular Gasworks Shopping Centre servicing 2,267 workers and over 9,300 residents and the iconic James Street Retail Precinct (Fortitude Valley)
+ James Street retail features a diverse mix of over 110 specialty stores, located one kilometre from Brisbane’s CBD, evolving into one of Australia’s leading retail, fashion and lifestyle districts
+ Newstead/Teneriffe: One of the fastest growing regions within Brisbane with an estimated 55% of the working population under 35 years of age**
+ Estimated Net Rent: $210,163 pa
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
Property ID: 503772250Last Updated: 1 Jun 2021
Transact Property Group - MooloolabaSuite 604, Level 6, 8 Market Lane
MAROOCHYDORE, QLD 4558
MAROOCHYDORE, QLD 4558
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Burgess Rawson - BrisbaneLevel 12, 127 Creek Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.