80 Old Cleveland Road, Capalaba QLD

For Sale

Retail

Expressions of Interest

692m2

Ray White Commercial Bayside are delighted to present 80 Old Cleveland Road, and 7-9 Banfield Lane, Capalaba FOR SALE by Expressions of Interest.

This iconic office building, the HQ for Brisbane's MD Lawyers, a law firm with a trading history in excess of 30 years, presents an outstanding multi-tenanted investment opportunity with the added bonus of a future development site located at the rear.

Having recently undergone a refurbishment, the office building presents as new, with modern features and an attractive facade designed to draw the attention of traffic passing on busy Old Cleveland Road.

Banfield Lane, currently used as car parking, presents an excellent opportunity to land bank a central Capalaba development site.

* 692sqm* two level office building on 477sqm* site
* Additional 849sqm* future development site
* 5 tenancies (1 x vacant)
* Current net income $183k; potential net income $210k^
* Refurbished building with depreciation benefit

For a detailed Information Memorandum, please contact exclusive agent, Nathan Moore on 0413 879 428 or 07 3245 7199

* Approximately
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