SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Secure 18 Year Net Lease to Market Leading Fuel Operator – 3% Rent Increases

10 Takalvan Street , Bundaberg West QLD

Property Highlights

Secure 18-year net lease to 2034
Annual 3% Rent Increases
Land Tax Recoverable
Register to Bid

Description

+ Secure 18-year net lease to 2034 plus options to 2074.
+ Chevron Corporation (NYSE: CVX): Major global energy company, with a market cap of $257 Billion and over 360 sites nationally. *
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings including rates, insurance and Land Tax.
+ Tenant is also responsible for all maintenance, repairs and replacement of fuel tanks and equipment plus site remediation.
+ Strong and certain rental growth with annual, fixed compounding 3% increases.
+ Prime corner CBD site with direct frontage and exposure to Takalvan Street.
+ Takalvan Street, a main road arterial linking Bundaberg CBD with the regional airport, Bunnings and Sugarland shopping centre – servicing over 27,000 vehicles daily.**
+ Positioned opposite the Bundaberg Base Hospital, the largest hospital in the Bundaberg Region, offering a wide range of medical services to a population of approximately 94,000.
+ Strategically located within close proximity to various high-profile national tenants, with Coles, Woolworths, ALDI, Bunnings Warehouse, Officeworks, Dan Murphy’s, McDonald’s, KFC & Hungry Jacks all within 2.5km.
+ Surrounded by important social infrastructure including 13 schools within a 3km radius servicing 6,767 full-time students.**
+ Bundaberg Region: $4.2 billion of capital projects currently under planning or in construction. ***
+ Bundaberg Region: By 2041, population is forecast to grow by 42% to over 134,000. ****
+ Minimum management, essential service investment.
+ Estimated net rent: $139,113 pa*

To be sold by Investment Portfolio Auction: 
10:30am AEST Thursday 31 March 2022
The Hilton, Brisbane

*Chevron
**Gapmaps
***Bundaberg Regional Council
****Bundaberg Tourism Plan

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents. 

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
898 SQM
Building Area
1 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights