This article is from the Australian Property Journal archive
A 2,041 sqm commercial site with a potential development height of 60 metres in south-east Queensland’s Beenleigh has been picked up for $2.25 million.
Zoned Centre Core, the 98-102 City Road property has a building area of 737 sqm and has 90% of its area leased to six separate tenants, currently returning $155,711.20 per annum plus GST.
It has 39 on-site parking spaces and is next door to the landmark seven-level, 1,695 sqm commercial building The Exchange, which is on a 1,080 sqm site at 106 City Road and sold for $3.85 million in 2016.
The site is positioned just off the Pacific Motorway in the City of Logan, between Brisbane and the Gold Coast.
LJ Hooker Commercial’s Tai Ma sold the property.
Australian Property Journal
