High Profile Bruce Highway Freehold Investment | Fully Leased to Experienced Tenants
1 Charlotte Close , Woree QLD
Property Highlights
Description
Burgess Rawson is pleased to offer to the market, 1 Charlotte Close, Woree (Cairns) for sale via our Auction Investment Portfolio 154.
The property has the following investment highlights:
+ Anchored by brand new 10 year lease to Southside Veterinary Surgery plus options to 2042
+ New 5 year lease to Anytime Fitness to 2027 plus options to 2037
+ New 5 year lease to Subway to 2027 plus options to 2042
+ Strong and certain rental growth with annual rent increases
+ Outstanding 6.5+ year WALE investment
+ Long-term tenants, with Southside Veterinary Surgery operating since 2000
+ Prime corner location with three street frontage opposite McDonald’s and Southside Shopping Village with convenient access to the Bruce Highway
+ High exposure main road site with 51,000+ vehicles passing daily
+ Large 2,699sqm* site with 41 at-grade car parks
+ Cairns: gateway to Queensland’s tropical north and home to 168,853 persons* as at June 2021 and an average growth rate of 1.9% over the past 10 years
+ Net Income: $200,800 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 4 August 2022
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
Property Details