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Rarely Offered Investment Opportunity – Top ASX Listed Tenant – Entry Priced Bunnings

123 Smith Street , Kempsey NSW

Property Highlights

Highly prominent site
Long established Bunnings
12 year lease + options to 2049

Description

Bunnings Warehouse: arguably Australia’s most dominant retailer
Wide 44 metre retail frontage with multidirectional Pacific Highway access
Modern facility of 3,297 sqm
Ample parking with 48 on-title car spaces
Growing Mid-North Coast trade catchment, of 30,000 people
Surrounding major brands
Guaranteed growth: 3% annual increases
Bunnings pay all usual outgoings, as per lease, including land tax (SHB)

+ Massive 6,947 sqm site
+ Long established and successful Bunnings
+ 12 year lease commenced June 2012 plus options to 2049
+ Income: $344,364 pa + GST (June 2019)

Auction
11am AEST Tuesday 25 June 2019
Doltone House Hyde Park, Sydney

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Large Format Retail
Land Size
6,947 SQM
Building Area
3,297 SQM

Contact Agents

Darren Beehag

0411 226 223

Contact Me

Simon Staddon

0413 640 851

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