Sought After Entry Level Investment. Secure ASX Listed Tenant Covenant – Occupied 20+ Years.
115 Railway Street, AYR QLD
Property Highlights
Tenant in occupation for over 20 years
4,251 sqm corner site
Tenant pays all outgoings
Description
– Renewed 5 year lease to September 2020 with 2 x 5 year options to 2030
– Leased to BGA Agriservices: Essential agricultural retailer servicing the entire Burdekin region and wholly owned subsidiary of ASX listed Ruralco (ASX: RHL)
– Tenant in occupation for over 20 years
– Significant 4,251 sqm corner site with dual street frontage and ample on-site parking
– Ayr: Commercial hub for the Burdekin Delta: Australia’s largest sugar producing region 88km south of Townsville
– Tenant pays all usual outgoings including Land Tax
– Single tenant minimum management investment
– Net Income: $81,202 pa
Property Details
Listing
Sale
Land Size
4,251 SQM
Building Area
1,413 SQM