International Tenant - Leased Until 2018

Ray White Transact is pleased to offer for sale this significant Brisbane CBD fringe commercial asset. This is an outstanding opportunity to secure a strategically located property, which is underpinned by its strong lease covenant. The main features of the property include the following:

- Fully leased until 31 August 2018 (plus 5 + 5 year options) to Kaplan Carrick Pty Ltd, who are a division of their parent company, The Washington Post Company, a NYSE listed company with a market capitalisation of over US$3.5 billion;
- Significant tax depreciation benefits available;
- On site car parking on the adjacent balance land for 38 vehicles;
- Development Approval exists for the construction of an extension to the existing building on the balance land;
- Outstanding location in an area undergoing significant urban renewal and infrastructure upgrades;
- Fortitude Valley is one of Brisbane’s premier commercial precincts due to its proximity to the CBD and access to public transport;
- Close to Fortitude Valley Train Station and various bus stops;
- Located within close proximity to many of Brisbane’s largest private and public schools and universities;
- Within walking distance of the CBD and vibrant Fortitude Valley, Newstead and Spring Hill precincts.

The property is offered for sale now by negotiation.