Stonebridge is pleased to present a high profile, brand new Brisbane convenience retail centre for sale via Expressions of Interest Closing Thursday 17 October 2024 at 3pm (AEDT).
The asset has the following key investment features:
- Brand new 15 year net leases to 2039 + options to 2059 with favourable fixed annual rent increases up to 3.5%
- Outstanding net lease structure – Tenants pay all usual outgoings including Land Tax, Insurance and Management Fees plus remediation responsibilities
- Head Company Lease to Atlas Fuel - Proven high performing national fuel & convenience retailer with extensive network of sites across Australia
- Golden Sunshine Car Wash - Successful, privately owned car wash operator across multiple locations
- Significant 4,236 sqm* corner site with 19 car parks and newly built improvements in 2024 offering substantial depreciation benefits
- Prominent position boasting 192 m* of dual street frontage and direct access from major arterial, Logan River Road (34,270+ vehicles daily) via deliberate ‘slip’ lane
- Strategic position within key retail precinct and carriageway – nearby Woolworths, McDonald’s, Oporto, Dominos, BWS & Sydney Tools
- Holmview – Only 30 km* south of Brisbane CBD & 36 km* north of Surfers Paradise, an important commercial and residential hub of the rapidly expanding Brisbane to Gold Coast growth corridor
- Brisbane – Booming capital city and economic engine of the $409 billion* Qld economy, population forecast to grow 40% in the next 20 years to 3.5 million* residents
- Leases secured by Bank Guarantee and Personal Director Guarantee
- Net Income $485,000 pa* + GST
The Investment is for sale via Expressions of Interest Closing Thursday 17 October 2024 at 3pm (AEDT). Please contact the exclusively appointed Stonebridge property professionals for more information.
*Approximately
Property Code: 1063