Rocklea

Project Description

The property is located adjacent to the Ipswich Motorway and on the corner of Granard and Balham Roads, 14 kilometres west of the Brisbane central business district. The property has high visibility and ease of access from main thoroughfares of West Brisbane, namely the Ipswich Motorway and Granard Road. In October 2013 a store upgrade was complete at a cost of $5,400,000 to the Trust which resulted in a $382,000 increase in the rental and a new 12 year lease.

Land area

31,672 m²

The total GLA/retail area

14,403 m²

Lease Commencement Date

13/10/2003

Total Property Cost

$19,385,356

Current valuation

$34,200,000

Annual Rent

$2,128,368

Project Location

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