48 Miller Street MURARRIE (BRNSW)

Fully leased since 2007 to RACQ Insurance Limited with current net lease to November 2017 plus 5 year option to 2022. Unrivalled lease covenant - RACQ, Queensland's premier motoring and insurance group with 1,700 employees. Substantial 8,184 sqm land with modern 2,967 sqm building. Abundant parking for 143 cars, high parking ratio 1:21. Current DA for additional 1,450 sqm office/warehouse. Generous 4.5% and 4% rent increases. Sought after location, surrounded by Queensland Newspapers, Spotless, Ricoh, Toll, Toshiba & Alstom. 7km from Brisbane CBD, 10 km from Airport and minutes from Gateway Bridge on ramp and Port of Brisbane. 2.5 Star NABERS Energy Rating. Net Income: $1,448,077 pa + GST (as at November 2015). Indicative Asking Price $16,000,000. Net Yield 9% Darren Beehag 0411 226 223 Pat Kelly 0412 244 456 Jamie Perlinger 0413 860 315