21 Endeavour Way, Plainland

21 Endeavour Way Plainland, QLD Australia 4341
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Building Area
Land Area ()

Property Description

JLL Metropolitan Retail Investments are proud to present to the market Bridgestone Plainland for Sale via Auction.

Underpinned by a long term lease to Bridgestone Australia Ltd, this investment offers exceptional security of income for the incoming purchaser in a rapidly growing location (opposite the brand new Bunnings Plainland).

The property is for sale by way of the JLL Metropolitan Retail Investments March Portfolio Auction. The Auction will be held on Thursday, 8 April at 6pm AEST at the Calile Hotel - 48 James Street, Fortitude Valley QLD.

The property has the following key characteristics:

Investment Highlights

  • 10 year lease expiring 2027 to Bridgestone Australia Ltd
  • Wholly owned by Bridgestone Corporation- a $30 billion global company with over 300 stores in Australia
  • Tenant pays all outgoings including land tax, capital works & management
  • 3% fixed annual rental increases
  • Near new build with significant depreciation benefits
  • 1,491sqm site directly opposite brand new Bunnings in thriving growth corridor
  • Net income of $114,736p.a. as at 31 March 2021
Last Updated Date: 11 Apr 2021
Campbell Bowers
Senior Executive, Capital Markets
Andrew Havig
Senior Executive, Capital Markets Transactions

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Last Updated Date: 11 Apr 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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