GBU Realty is pleased to provide investors with a rare opportunity to secure two trophy buildings in arguably one of the best locations in the Richmond CBD. The option is available to purchase either of the buildings separately, or both combined.
219 and 221 Queen Street are modern attractive buildings in a prime position in Richmond, on the sunny side of the street, opposite the Richmond Mall, and close to large tenants such as Kmart, The Warehouse and Pak n Save.
The buildings, with a combined net lettable area of 515.4 sqm and a high NBS rating, are well maintained and well positioned with access from both Queen Street and the Warwick Carpark, and sit on a combined generous site of 706 sqm.
219 Queen Street has a net lettable area of 200 sqm, on a land area of 223 sqm, and is tenanted to Vape Merchant Limited.
221 Queen Street has a net lettable area of 315.4 sqm, and sits on a land area of 483 sqm, and is tenanted to ASB Bank Limited and Tonic Hairculture Limited.
The combined properties are being offered with three tenants in place, offering a net income of $183,349 and a combined WALT of 4.37 years. The tenants provide leases which enable steady growth in rentals through regular market rent reviews and annual fixed uplifts.
The tenants have a long history with the property with ASB in particular being in occupation for over 32 years.
For further information please contact the sole agent Grant Unsworth who has been appointed to market the freehold land and buildings for sale by Private Treaty with a deadline sale date of 15 November 2024 (unless sold prior).
