Local investor pays over $1 million for tenanted property in Murarrie and will be making around $93,000 pa in rent

by admin | 25th May 2011

A local investor has paid $1,097,411 for a new Space Frame developed property at 16/35 Paringa Road, Murarrie. King & Co agent James Dimsey handled the transaction, while his colleague, David Knapp, was the lister

One of 19 office/warehouse units in the Riverport estate, it comprises 424m2 of overall space, 167m2 of it warehouse, and the remainder split over two levels of corporate office. Features include two roller doors

It comes tenanted by the Brisbane operations of 164 year old Inchcape Shipping Services (ISS), a subsidiary of Istithmar PJSC, a UAE based investment house. With over 200 offices worldwide and a team of 3,200 professional and committed staff, ISS is today the world’s largest independent marine management company. Rental terms are for 5+5 years at $93,280 pa

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