Rocklea Westpac investment hits the market

Staff reporterAugust 19, 20200 min read

A commercial investment that is currently leased to Westpac in Rocklea has hit the market. 
The property at 6/1311 Ipswich Road comes with 546sq m* of building area.

It is leased until 2021 with ASX-listed Westpac, before Organicann PTY LTD takes over until 2026, with two five-year options after.
The property is being marketed by the award-winning Ray White Commercial Gold Coast team of Jared Johnson and Lachlan Marshall.
“The property is an investor’s dream – not only is it currently leased to an ASX-listed client – but it also comes with a brand-new lease lined up from 2021 onwards,” Mr Johnson said.

“The new lease, which runs to 2026 and has two five-year options, will provide $175,000 p.a. plus GST and all outgoings and also comes with a personal guarantee and a six-month bond.”
“It’s 10km* south of Brisbane CBD and takes advantage of exposure to high volumes of vehicle traffic along Ipswich Road and surrounding national and international retailers,” Mr Marshall said.
The property includes 17 exclusive-use car parks, annual increases, full building signage rights, modern-high quality premises, and a server room.

The auction will take place on August 20 at Gold Coast Turf Club. 

Staff reporter

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