Ray White Commercial Bayside are pleased to present Lots 2 & 16, 120 Bloomfield Street, Cleveland for sale by Public Auction.
Offered for sale for the first time in nearly two decades, this strata titled investment offers the successful purchaser an opportunity to buy premises within a highly desirable building, in a precinct undergoing substantial redevelopment driven by Redland City Council's desire to increase residential density within the Town Centre precinct. Located on one of the most high profile corners in Cleveland, and opposite a major car park entrance to the Cleveland Central Shopping Centre (both Woolworths and Coles), the subject enjoys excellent signage and exposure to a high flow of both vehicular and pedestrian traffic.
Queen Street has become the town centre focus for medical-related services with a grouping of medical and quasi-medical tenants, including general practice, dental, heart specialists, hearing specialists, physiotherapy, pathology and chiropractic services all within a short walk of the subject. The Cleveland Hospital precinct (both Public and Private Hospital and associated specialist services) is within three (3) kilometres of the site. In an era where investors are flocking towards tenants considered 'COVID safe', a General Practice should provide certainty of trade (essential service/telehealth) regardless of future COVID driven restrictions.
The quality of this property, strength of the lease, and opportunity for future rental growth should attract your attention. We look forward to welcoming your interest in Lots 2 & 16, 120 Bloomfield Street, Cleveland.
• 229m²* strata-titled premises (2 x lots)
• 6 + 5 + 5 year lease to Cleveland Medical
• $57,550 PA (estimated) nett rental
• 2 x exclusive secure basement carparks
• 6 month bank guarantee
• Outstanding investment opportunity
For all enquiries or a copy of the information memorandum please call Nathan Moore 0413 879 428.
This property is being sold by auction or without a price and therefore a price guide cannot be provided.
